724 Lockley WayColleyvilleTX76034
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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 Colleyville at 724 Lockley Way, Colleyville, TX, 76034 listed at $1,849,000 pairs $7,535/mo rent with a $9,050/mo payment. Total monthly income runs $7,535/mo. Return on cash invested measures 8.71% in year one, and rental yield registers 4.89% at a $1,849,000 basis. Equity gained on principal adds $11,931/yr, and annual property appreciation at 5% supports $510,845 by year five. Five-year ROI tracks 44.07% and total cumulative return in cash totals $264,035. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,535/mo property income relative to a $9,050/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
0.49 Acres lot
$N/A/sqft
$2,500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76034, Colleyville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,412 (100%) |
| Owner Occupied HU | 8,472 (90.0%) |
| Renter Occupied HU | 681 ( 7.2%) |
| Vacant Housing Units | 259 ( 2.8%) |
| Median Home Value | $664,112 |
| Average Home Value | $763,457 |
Housing Distribution
Address Breakdown
Residential
9,431
Single Family
9,272
Multi-Family
159
Businesses
1,522
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Listed by: Michael Hershenberg • Real Broker, LLC
Mls Name: NTREIS
Mls ID: #20889525
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.