Schrade Plan, Lake ParkRowlettTX75088
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
Rental property for sale in Rowlett at Schrade Plan, Lake Park, Rowlett, TX, 75088 priced at $463,990 converts $4,310/mo rent into $1,010/mo cash flow after a $2,271/mo obligation. Total monthly income equals $4,310/mo, and annual cash flow totals $12,126/yr on $153,813 invested. Return on cash invested prints 27.79% in year one, and rental yield reads 11.15% against a $463,990 entry. Equity gained on principal adds $2,994/yr, while 5% annual appreciation compiles into $128,192 by year five. Five-year ROI reaches 146.34% and total cumulative return in cash sums $225,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,310/mo property income covering a $2,271/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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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