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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Southlake at 802 Caroline Ln, Southlake, TX, 76092 priced at $1,028,000 pairs $3,624/mo rent with after a $5,032/mo payment. Total monthly income equals $3,624/mo. Return on cash invested is 6.71% in year one, and rental yield stands at 4.23% on a $1,028,000 basis. Equity gained on principal adds $6,634/yr, and 5% annual appreciation accumulates to $284,017 by year five. Five-year ROI measures 33.36% and total cumulative return in cash reaches $111,118. For financing, Ziffy Mortgage’s DSCR program evaluates $3,624/mo property income against a $5,032/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.26 Acres lot
$N/A/sqft
$1,250 annually HOA
Neighborhood data shown for ZIP Code: 76092, Southlake, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,160 (100%) |
| Owner Occupied HU | 9,321 (91.7%) |
| Renter Occupied HU | 652 ( 6.4%) |
| Vacant Housing Units | 187 ( 1.8%) |
| Median Home Value | $829,989 |
| Average Home Value | $956,145 |
Residential
10,137
Single Family
9,918
Multi-Family
219
Businesses
2,742
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $1,028,000 |
| 2020-12-08 | Sold | N/A |
| 2020-11-16 | Pending sale | $599,880 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | $14416.62 | -3.06% | $824,287 | 1.02% |
| 2023-03-14 | $14872.34 | -0.05% | $815,964 | 18.30% |
| 2022-03-14 | $14880.20 | 18.69% | $689,729 | 23.35% |
Listed by: Bonnie Hennum • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20867436
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.
