709 Summit RdgLewisvilleTX75077
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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
Rental property for sale in Lewisville at 709 Summit Rdg, Lewisville, TX, 75077 offers $4,111/mo rent that, after a $2,521/mo payment, leaves $448/mo cash flow. Total monthly income is $4,111/mo, and annual cash flow is $5,381/yr on $169,435 cash. Return on cash invested measures 23.24% in year one, and rental yield stands at 9.58% at a $515,000 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,285 by year five. Five-year ROI records 121.88% and total cumulative return in cash reaches $206,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,111/mo property income versus a $2,521/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
7,230 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: Jill Nelson • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21058446