723 Hickory LnFateTX75087
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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 Fate at 723 Hickory Ln, Fate, TX, 75087 with 5% annual appreciation on a $350,000 basis while $2,932/mo rent supports operations. Total monthly income totals $2,932/mo and a $1,713/mo payment preserves $443/mo for cash returns. Annual cash flow comes to $5,318/yr on $116,025 deployed, and return on cash invested reaches 24.49% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 10.05%. Five-year ROI measures 128.67% and total cumulative return in cash totals $149,294.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,932/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
5,967 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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