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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 Lorena at 11404 Solar St, Lorena, TX, 76655 priced at $342,900 converts $4,543/mo rent into $2,067/mo cash flow after a $1,678/mo obligation. Total monthly income equals $4,543/mo, and annual cash flow totals $24,809/yr on $113,671 invested. Return on cash invested prints 41.73% in year one, and rental yield reads 15.9% against a $342,900 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation compiles into $94,737 by year five. Five-year ROI reaches 221.25% and total cumulative return in cash sums $251,501. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,543/mo property income covering a $1,678/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,011 sqft lot
$N/A/sqft
$450 annually 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 |
|---|---|---|
| 2024-07-27 | Price change | $342,900 |
| 2024-06-19 | Price change | $344,900 |
| 2024-05-03 | Price change | $348,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Katie Miller • Real Broker, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #220396
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: 2024-08-16 02:54:45 PDT
