1601 Enchanted LnLancasterTX75146
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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 Lancaster at 1601 Enchanted Ln, Lancaster, TX, 75146 generates $1,236/mo in rent and, after a $783/mo payment, leaves $98/mo in cash flow. Total monthly income is $1,236/mo, and annual cash flow is $1,180/yr on $53,040 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 9.27% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash sums $61,538. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,236/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.46 Acres 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
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Listed by: Chris Beary • Beary Nice Homes
Mls Name: NTREIS
Mls ID: #21019904
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.