1217 Lakeview DrLone StarTX75668
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Lone Star at 1217 Lakeview Dr, Lone Star, TX, 75668 priced at $229,900 converts $1,624/mo rent into after a $1,125/mo obligation. Total monthly income equals $1,624/mo. Return on cash invested prints 19.74% in year one, and rental yield reads 8.48% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 103.21% and total cumulative return in cash sums $78,659. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,624/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75668, Lone Star, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 484 (49.6%) |
| Renter Occupied HU | 280 (28.7%) |
| Vacant Housing Units | 212 (21.7%) |
| Median Home Value | $144,767 |
| Average Home Value | $174,669 |
Housing Distribution
Address Breakdown
Residential
482
Single Family
457
Multi-Family
25
Businesses
65
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Nearby investment properties with comparable prices
Listed by: Patricia Mcdonald • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20245527
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.