1000 Highland DrLucasTX75002
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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 Lucas at 1000 Highland Dr, Lucas, TX, 75002 priced at $1,349,900 converts $6,176/mo rent into after a $6,607/mo obligation. Total monthly income equals $6,176/mo. Return on cash invested prints 10.76% in year one, and rental yield reads 5.49% against a $1,349,900 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation compiles into $372,952 by year five. Five-year ROI reaches 55% and total cumulative return in cash sums $240,550. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,176/mo property income covering a $6,607/mo payment, not borrower’s personal income.
Single Family
Built in 2014
1.49 Acres lot
$N/A/sqft
$950 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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Listed by: Casi Fricks • Redfin Corporation
Mls Name: NTREIS
Mls ID: #20896202
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.