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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lancaster at 1462 Elm Forest Way, Lancaster, TX, 75146 offers $2,399/mo rent that, after a $1,405/mo payment, leaves $318/mo cash flow. Total monthly income is $2,399/mo, and annual cash flow is $3,810/yr on $95,137 cash. Return on cash invested measures 23.91% in year one, and rental yield stands at 10.03% at a $286,990 entry. Equity gained on principal adds $1,852/yr while 5% annual appreciation compounds into $79,290 by year five. Five-year ROI records 125.74% and total cumulative return in cash reaches $119,623. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,399/mo property income versus a $1,405/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,749 sqft lot
$N/A/sqft
$484 annually HOA
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
| 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 |
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
Date | Event | Price |
|---|---|---|
| 2024-08-26 | Listed for sale | $286,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bryan Reasor • Jeanette Anderson Real Estate
Mls Name: NTREIS
Mls ID: #20712497
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.
