1230 Kiowa Dr ELake KiowaTX76240
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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
Rental property for sale in Lake Kiowa at 1230 Kiowa Dr E, Lake Kiowa, TX, 76240 generates $3,523/mo in rent, after a $5,134/mo payment. Total monthly income is $3,523/mo. Return on cash invested sits at 6.47% in year one, and rental yield is 4.03% on a $1,049,000 entry. Equity gained on principal adds $6,769/yr, while 5% annual appreciation builds toward $289,819 over five years. Five-year ROI reaches 31.93% and total cumulative return in cash sums $108,508. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,523/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76240, Gainesville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,723 (100%) |
| Owner Occupied HU | 7,328 (57.6%) |
| Renter Occupied HU | 3,939 (31.0%) |
| Vacant Housing Units | 1,456 (11.4%) |
| Median Home Value | $256,540 |
| Average Home Value | $356,674 |
Housing Distribution
Address Breakdown
Residential
12,229
Single Family
11,179
Multi-Family
1,050
Businesses
972
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Listed by: Jennifer Boyd • Sarah Boyd & Co
Mls Name: NTREIS
Mls ID: #20994842