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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% |
Rental property for sale in Lewisville at 1118 Spring Creek Ln, Lewisville, TX, 75067 offers $2,820/mo rent that, after a $2,384/mo payment. Total monthly income is $2,820/mo. Return on cash invested measures 14.96% in year one, and rental yield stands at 6.95% at a $487,000 entry. Equity gained on principal adds $3,143/yr while 5% annual appreciation compounds into $134,549 by year five. Five-year ROI records 77.6% and total cumulative return in cash reaches $125,274. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,820/mo property income versus a $2,384/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75067, Lewisville, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 10,883 (37.3%) |
| Renter Occupied HU | 16,963 (58.1%) |
| Vacant Housing Units | 1,366 ( 4.7%) |
| Median Home Value | $370,654 |
| Average Home Value | $416,106 |
Residential
28,178
Single Family
13,229
Multi-Family
14,949
Businesses
1,728
Date | Event | Price |
|---|---|---|
| 2024-12-19 | Price change | $487,000 |
| 2024-11-21 | Price change | $490,000 |
| 2024-10-25 | Listed for sale | $495,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $8347.68 | 19.17% | $483,054 | 19.90% |
| 2023-12-27 | $7004.91 | -5.94% | $402,890 | 2.66% |
| 2022-12-27 | $7447.64 | 17.78% | $392,468 | 16.94% |
Listed by: Anyiesa Johnson • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20623747
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.
