135 Palm DrLancasterTX75146
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 Lancaster at 135 Palm Dr, Lancaster, TX, 75146 priced at $255,000 converts $1,706/mo rent into after a $1,248/mo obligation. Total monthly income equals $1,706/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 8.03% against a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,452 by year five. Five-year ROI reaches 95.9% and total cumulative return in cash sums $81,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,706/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 2002
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices