928 Manuel DrFateTX75087
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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 Fate at 928 Manuel Dr, Fate, TX, 75087 listed at $457,800 pairs $5,399/mo rent with a $2,241/mo payment to leave $1,744/mo cash flow. Total monthly income runs $5,399/mo, and annual cash flow reaches $20,924/yr on $151,761 cash to close. Return on cash invested measures 33.7% in year one, and rental yield registers 14.15% at a $457,800 basis. Equity gained on principal adds $2,954/yr, and annual property appreciation at 5% supports $126,482 by year five. Five-year ROI tracks 179.13% and total cumulative return in cash totals $271,855. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,399/mo property income relative to a $2,241/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
6,621 sqft lot
$N/A/sqft
$564 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: Nick Termini • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #20637771
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.