840 Lake Park DrOak PtTX75068
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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 Oak Pt at 840 Lake Park Dr, Oak Pt, TX, 75068 listed at $1,249,000 pairs $5,375/mo rent with a $6,113/mo payment. Total monthly income runs $5,375/mo. Return on cash invested measures 9.86% in year one, and rental yield registers 5.16% at a $1,249,000 basis. Equity gained on principal adds $8,060/yr, and annual property appreciation at 5% supports $345,076 by year five. Five-year ROI tracks 50.13% and total cumulative return in cash totals $202,871. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,375/mo property income relative to a $6,113/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
1.12 Acres lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75068, Little Elm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,344 (100%) |
| Owner Occupied HU | 19,896 (70.2%) |
| Renter Occupied HU | 7,131 (25.2%) |
| Vacant Housing Units | 1,317 ( 4.6%) |
| Median Home Value | $446,062 |
| Average Home Value | $489,072 |
Housing Distribution
Address Breakdown
Residential
25,689
Single Family
23,486
Multi-Family
2,203
Businesses
723
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Listed by: Greg Fife • Butch Fife, REALTORS
Mls Name: NTREIS
Mls ID: #20778900
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.