1496 Elm Forest WayLancasterTX75146
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
Investment property for sale in Lancaster at 1496 Elm Forest Way, Lancaster, TX, 75146 uses $106,905 cash to close to unlock $8,246/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $2,980/mo, and a $1,578/mo payment keeps the spread at $687/mo. Purchase price stands at $322,490, and rental yield measures 11.09% with $2,980/mo rent. Return on cash invested shows 27.62% in year one, and 5% annual appreciation builds toward $89,098 over five years. Five-year ROI reaches 145.45% and total cumulative return in cash records $155,489. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,980/mo property income covering a $1,578/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A 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
