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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% |
Investment property for sale in Lorena at 11416 Patera St, Lorena, TX, 76655 listed at $284,545 pairs $2,700/mo rent with a $1,393/mo payment to leave $656/mo cash flow. Total monthly income runs $2,700/mo, and annual cash flow reaches $7,875/yr on $94,327 cash to close. Return on cash invested measures 28.26% in year one, and rental yield registers 11.39% at a $284,545 basis. Equity gained on principal adds $1,836/yr, and annual property appreciation at 5% supports $78,615 by year five. Five-year ROI tracks 148.95% and total cumulative return in cash totals $140,504. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,700/mo property income relative to a $1,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
5,967 sqft lot
$N/A/sqft
$60 quarterly 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 |
|---|---|---|
| 2024-08-02 | Listed for sale | $284,545 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Adam Olsen • eXp Realty, LLC Waco
Mls Name: WMLS
Mls Provider:
Mls ID: #224893
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 03:24:48 PDT
