108 Kiowa Dr WLake KiowaTX76240
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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 Lake Kiowa at 108 Kiowa Dr W, Lake Kiowa, TX, 76240 offers $4,120/mo rent that, after a $2,041/mo payment, leaves $826/mo cash flow. Total monthly income is $4,120/mo, and annual cash flow is $9,908/yr on $138,236 cash. Return on cash invested measures 27.08% in year one, and rental yield stands at 11.86% at a $417,000 entry. Equity gained on principal adds $2,691/yr while 5% annual appreciation compounds into $115,209 by year five. Five-year ROI records 143.52% and total cumulative return in cash reaches $198,397. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,120/mo property income versus a $2,041/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.37 Acres lot
$N/A/sqft
$329 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Brent Reed • Lake Kiowa Premiere
Mls Name: NTREIS
Mls ID: #20605482
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.