8309 Watersway DrRowlettTX75088
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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 Rowlett at 8309 Watersway Dr, Rowlett, TX, 75088 offers a 9.7% rental yield on a $678,875 purchase with $5,490/mo rent. Total monthly income registers $5,490/mo, and a $3,323/mo payment leaves $595/mo available for distribution. Annual cash flow reaches $7,146/yr on $223,350 to close, and return on cash invested stands at 23.26% in year one. Equity gained on principal adds $4,381/yr while 5% annual appreciation supports $187,561 over five years. Portfolio math shows five-year ROI at 122.13% and total cumulative return in cash at $272,779. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,490/mo property income against a $3,323/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,098 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75088, Rowlett, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,432 (100%) |
| Owner Occupied HU | 7,683 (67.2%) |
| Renter Occupied HU | 3,296 (28.8%) |
| Vacant Housing Units | 453 ( 4.0%) |
| Median Home Value | $364,593 |
| Average Home Value | $417,506 |
Housing Distribution
Address Breakdown
Residential
11,663
Single Family
9,146
Multi-Family
2,517
Businesses
915
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Listed by: Stephen Brooks • Royal Realty, Inc.
Mls Name: NTREIS
Mls ID: #20528579
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.