1240 N Cowan Ave TRAILER 175LewisvilleTX75057
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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 Lewisville at 1240 N Cowan Ave TRAILER 175, Lewisville, TX, 75057 listed at $120,000 pairs $946/mo rent with a $587/mo payment to leave $93/mo cash flow. Total monthly income runs $946/mo, and annual cash flow reaches $1,116/yr on $39,780 cash to close. Return on cash invested measures 22.71% in year one, and rental yield registers 9.46% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 119.08% and total cumulative return in cash totals $47,371. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $946/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2022
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75057, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,936 (100%) |
| Owner Occupied HU | 1,833 (23.1%) |
| Renter Occupied HU | 5,368 (67.6%) |
| Vacant Housing Units | 735 ( 9.3%) |
| Median Home Value | $302,908 |
| Average Home Value | $298,722 |
Housing Distribution
Address Breakdown
Residential
7,041
Single Family
3,041
Multi-Family
4,000
Businesses
1,187
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Listed by: Twyla Williams • Berkshire HathawayHS PenFed TX
Mls Name: NTREIS
Mls ID: #20871649
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.