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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lorena at 1060 Farmiller Rd, Lorena, TX, 76655 uses $74,588 cash to close to unlock $8,799/yr annual cash flow and $733/mo monthly cash flow. Total monthly income runs $2,333/mo, and a $1,101/mo payment keeps the spread at $733/mo. Purchase price stands at $225,000, and rental yield measures 12.44% with $2,333/mo rent. Return on cash invested shows 31.71% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 167.36% and total cumulative return in cash records $124,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,333/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
11.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76655, Lorena, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,436 (100%) |
| Owner Occupied HU | 3,509 (79.1%) |
| Renter Occupied HU | 790 (17.8%) |
| Vacant Housing Units | 137 ( 3.1%) |
| Median Home Value | $337,780 |
| Average Home Value | $372,706 |
Residential
4,436
Single Family
4,436
Multi-Family
0
Businesses
166
Date | Event | Price |
|---|---|---|
| 2024-09-04 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-05 | N/A | N/A | $127,861 | 2.08% |
| 2022-09-05 | $2104.32 | 12.19% | $125,260 | 18.54% |
| 2021-09-05 | $1875.74 | N/A | $105,670 | 1.27% |
Listed by: Beau Ballard • Weichert, Realtors - The Eastland Group
Mls Name: WMLS
Mls Provider:
Mls ID: #225317
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-09-05 03:58:36 PDT
