971 Wellington DrLewisvilleTX75067
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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 Lewisville at 971 Wellington Dr, Lewisville, TX, 75067 priced at $349,900 converts $2,292/mo rent into after a $1,713/mo obligation. Total monthly income equals $2,292/mo. Return on cash invested prints 17.29% in year one, and rental yield reads 7.86% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 90.21% and total cumulative return in cash sums $104,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,292/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
4,486 sqft lot
$N/A/sqft
$681 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75067, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 10,883 (37.3%) |
| Renter Occupied HU | 16,963 (58.1%) |
| Vacant Housing Units | 1,366 ( 4.7%) |
| Median Home Value | $370,654 |
| Average Home Value | $416,106 |
Housing Distribution
Address Breakdown
Residential
28,178
Single Family
13,229
Multi-Family
14,949
Businesses
1,728
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Listed by: Irene Warhol • Anita Barham Realty
Mls Name: NTREIS
Mls ID: #20869032
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.