8602 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
Rental property for sale in Rowlett at 8602 Watersway Dr, Rowlett, TX, 75088 offers $4,441/mo rent that, after a $4,836/mo payment. Total monthly income is $4,441/mo. Return on cash invested measures 10.27% in year one, and rental yield stands at 5.39% at a $988,087 entry. Equity gained on principal adds $6,376/yr while 5% annual appreciation compounds into $272,990 by year five. Five-year ROI records 52.44% and total cumulative return in cash reaches $170,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,441/mo property income versus a $4,836/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,405 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: #20898982
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.