916 Lake Sierra WayLittle ElmTX75068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Little Elm at 916 Lake Sierra Way, Little Elm, TX, 75068 offers a 9.01% rental yield on a $389,000 purchase with $2,920/mo rent. Total monthly income registers $2,920/mo, and a $1,904/mo payment leaves $154/mo available for distribution. Annual cash flow reaches $1,845/yr on $128,954 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $2,510/yr while 5% annual appreciation supports $107,474 over five years. Portfolio math shows five-year ROI at 111.72% and total cumulative return in cash at $144,066. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,920/mo property income against a $1,904/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
5,880 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sherry Huang • First Texas
Mls Name: NTREIS
Mls ID: #21020854