1020 Springview LnMabankTX75147
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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 Mabank at 1020 Springview Ln, Mabank, TX, 75147 generates $1,980/mo in rent and, after a $1,273/mo payment, leaves $131/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $1,568/yr on $86,190 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 9.14% on a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 113.81% and total cumulative return in cash sums $98,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75147, Mabank, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,477 (65.3%) |
| Renter Occupied HU | 981 (25.9%) |
| Vacant Housing Units | 335 ( 8.8%) |
| Median Home Value | $336,546 |
| Average Home Value | $337,294 |
Housing Distribution
Address Breakdown
Residential
3,698
Single Family
3,622
Multi-Family
76
Businesses
411
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