873 Mildren LnFateTX75087
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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 Fate at 873 Mildren Ln, Fate, TX, 75087 priced at $359,999 converts $3,029/mo rent into $391/mo cash flow after a $1,762/mo obligation. Total monthly income equals $3,029/mo, and annual cash flow totals $4,688/yr on $119,340 invested. Return on cash invested prints 23.84% in year one, and rental yield reads 10.1% against a $359,999 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 125.41% and total cumulative return in cash sums $149,661. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,029/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,272 sqft lot
$N/A/sqft
$360 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75087, Rockwall, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,219 (100%) |
| Owner Occupied HU | 13,800 (80.1%) |
| Renter Occupied HU | 2,757 (16.0%) |
| Vacant Housing Units | 662 ( 3.8%) |
| Median Home Value | $417,129 |
| Average Home Value | $460,778 |
Housing Distribution
Address Breakdown
Residential
17,017
Single Family
15,180
Multi-Family
1,837
Businesses
1,839
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Listed by: Patty Allen • RE/MAX Premier
Mls Name: NTREIS
Mls ID: #20973091
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.