115 Lake Terrace DrLake CityTX78368
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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 Lake City at 115 Lake Terrace Dr, Lake City, TX, 78368 earns $100/mo cash flow from $918/mo rent with a $563/mo payment. Total monthly income totals $918/mo, and annual cash flow totals $1,201/yr on $38,123 capital. ROI tracks 23.06% on current figures, and rental yield reads 9.58% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 121.06% and total cumulative return in cash sums $46,149. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $918/mo property income instead of your personal income.
Single Family
Built in 1961
8,942 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,364 (100%) |
| Owner Occupied HU | 2,565 (58.8%) |
| Renter Occupied HU | 827 (19.0%) |
| Vacant Housing Units | 972 (22.3%) |
| Median Home Value | $131,852 |
| Average Home Value | $181,989 |
Housing Distribution
Address Breakdown
Residential
3,612
Single Family
3,509
Multi-Family
103
Businesses
252
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Listed by: Olivia Seifert • Jason Mitchell Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #458428
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-06-13 11:26:01 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.