114 E Park Place DrLancasterTX75134
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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
Investment property for sale in Lancaster at 114 E Park Place Dr, Lancaster, TX, 75134 at $210,000 posts ROI 29.33% with $547/mo cash flow from $2,040/mo rent. Total monthly income equals $2,040/mo, and annual cash flow records $6,558/yr on $69,615 to close. Return on cash invested measures 29.33% and rental yield reads 11.66% at the current $210,000. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 by year five. Five-year ROI prints 154.59% and total cumulative return in cash totals $107,620.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,040/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,830 (100%) |
| Owner Occupied HU | 4,566 (58.3%) |
| Renter Occupied HU | 2,789 (35.6%) |
| Vacant Housing Units | 475 ( 6.1%) |
| Median Home Value | $275,768 |
| Average Home Value | $313,462 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
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