107 E Lakefield Dr, Mathis, TX, 78368 | 7.52% Rental Yield

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107 E Lakefield Dr, Mathis, TX, 78368 | 7.52% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mathis at 107 E Lakefield Dr, Mathis, TX, 78368 priced at $319,000 converts $1,998/mo rent into after a $1,561/mo obligation. Total monthly income equals $1,998/mo. Return on cash invested prints 16.84% in year one, and rental yield reads 7.52% against a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,134 by year five. Five-year ROI reaches 87.61% and total cumulative return in cash sums $92,641. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,998/mo property income covering a $1,561/mo payment, not borrower’s personal income.

Single Family

Built in 1995

6,565 sqft lot

$N/A/sqft

No HOA

More details about the property

If you've ever wanted to have fabulous views of the sunrise and sunset over the water, now you can. This Lake Corpus Christi home has it all, great windows from second floor with wonderful views of the lake all around, a grand pergola to sits under with your favorite beverage to watch the sunrise and sunsets, a boat ramp and pier and mature trees to listen to the soft breeze. Imagine waking to the lapping sound of the waves on the bulkhead. Even with low water levels, you can still have access to the lake. With 5 bedrooms and a great room that could convert to a 6th bedroom, the only thing holding you back is your imagination for what updates you may want to add. Bead board ceilings and wood floors only add to the charm of the surroundings. The detached garage offers overhead doors, front and back for ease in getting the boat in and out. Much of the furniture in the home is negotiable, so come see this one quickly. With easy access to IH37 you could be on the River Walk in San Antonio or the Rio Grande Valley or the Corpus Christi beaches in no time.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,364 (100%)
Owner Occupied HU	2,565 (58.8%)
Renter Occupied HU	827 (19.0%)
Vacant Housing Units	972 (22.3%)
Median Home Value	$131,852
Average Home Value	$181,989