1029 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
Investment property for sale in Mabank at 1029 Springview Ln, Mabank, TX, 75147 with 5% annual appreciation on a $282,990 basis while $2,220/mo rent supports operations. Total monthly income totals $2,220/mo and a $1,385/mo payment preserves $208/mo for cash returns. Annual cash flow comes to $2,492/yr on $93,811 deployed, and return on cash invested reaches 22.57% in year one. Equity gained on principal adds $1,826/yr, and five-year appreciation sums $78,185 alongside rental yield of 9.41%. Five-year ROI measures 118.31% and total cumulative return in cash totals $110,987.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,220/mo property income versus a $1,385/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
6,534 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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Listed by: Isabella Wewer • Jason Mitchell Real Estate
Mls Name: NTREIS
Mls ID: #20920993
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.