106 Gracie LnLumbertonTX77657
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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 Lumberton at 106 Gracie Ln, Lumberton, TX, 77657 priced at $368,000 converts $2,704/mo rent into $62/mo cash flow after a $1,801/mo obligation. Total monthly income equals $2,704/mo, and annual cash flow totals $747/yr on $121,992 invested. Return on cash invested prints 20.52% in year one, and rental yield reads 8.82% against a $368,000 entry. Equity gained on principal adds $2,375/yr, while 5% annual appreciation compiles into $101,672 by year five. Five-year ROI reaches 107.46% and total cumulative return in cash sums $131,089. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,704/mo property income covering a $1,801/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.28 Acres lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77657, Lumberton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,451 (100%) |
| Owner Occupied HU | 6,965 (73.7%) |
| Renter Occupied HU | 1,796 (19.0%) |
| Vacant Housing Units | 690 ( 7.3%) |
| Median Home Value | $254,632 |
| Average Home Value | $284,575 |
Housing Distribution
Address Breakdown
Residential
9,370
Single Family
8,794
Multi-Family
576
Businesses
605
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