1209 Lakeside DrGrand SalineTX75140
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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 Grand Saline at 1209 Lakeside Dr, Grand Saline, TX, 75140 offers a 10.08% rental yield on a $225,900 purchase with $1,897/mo rent. Total monthly income registers $1,897/mo, and a $1,106/mo payment leaves $290/mo available for distribution. Annual cash flow reaches $3,483/yr on $74,886 to close, and return on cash invested stands at 24.56% in year one. Equity gained on principal adds $1,458/yr while 5% annual appreciation supports $62,412 over five years. Portfolio math shows five-year ROI at 129.03% and total cumulative return in cash at $96,627. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,897/mo property income against a $1,106/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75140, Grand Saline, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,273 (68.3%) |
| Renter Occupied HU | 723 (21.7%) |
| Vacant Housing Units | 332 ( 10.0%) |
| Median Home Value | $173,890 |
| Average Home Value | $256,571 |
Housing Distribution
Address Breakdown
Residential
3,018
Single Family
3,016
Multi-Family
2
Businesses
238
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Listed by: Laura Hooker • Leslie Cain Realty, LLC
Mls Name: GTARMLS
Mls ID: #25013790