702 Shannon LnHighland VillageTX75077
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Highland Village at 702 Shannon Ln, Highland Village, TX, 75077 uses $239,841 cash to close to unlock $1,741/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $5,329/mo, and a $3,568/mo payment keeps the spread at $145/mo. Purchase price stands at $729,000, and rental yield measures 8.77% with $5,329/mo rent. Return on cash invested shows 20.79% in year one, and 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $260,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,329/mo property income covering a $3,568/mo payment rather than investor’s personal income.
Single Family
Built in 1988
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75077, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,465 (100%) |
| Owner Occupied HU | 11,790 (76.2%) |
| Renter Occupied HU | 3,210 (20.8%) |
| Vacant Housing Units | 465 ( 3.0%) |
| Median Home Value | $464,627 |
| Average Home Value | $538,179 |
Housing Distribution
Address Breakdown
Residential
15,326
Single Family
12,884
Multi-Family
2,442
Businesses
586
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Listed by: Suneetha Chaparala • DFW Realties
Mls Name: NTREIS
Mls ID: #20776733
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.