150 Cherry LnVanTX75790
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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 Van at 150 Cherry Ln, Van, TX, 75790 priced at $229,900 converts $2,124/mo rent into $489/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $5,873/yr on $76,212 invested. Return on cash invested prints 27.61% in year one, and rental yield reads 11.09% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 145.39% and total cumulative return in cash sums $110,807. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75790, Van, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,929 (100%) |
| Owner Occupied HU | 1,289 (66.8%) |
| Renter Occupied HU | 454 (23.5%) |
| Vacant Housing Units | 186 ( 9.6%) |
| Median Home Value | $211,752 |
| Average Home Value | $270,403 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,495
Multi-Family
0
Businesses
235
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Listed by: David Wilson • Mission Real Estate Group
Mls Name: NTREIS
Mls ID: #20904649
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.