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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% |
Investment property for sale in Lancaster at 1608 Enchanted Ln, Lancaster, TX, 75146 uses $135,882 cash to close to unlock $2,561/yr annual cash flow and $213/mo monthly cash flow. Total monthly income runs $3,128/mo, and a $2,006/mo payment keeps the spread at $213/mo. Purchase price stands at $409,900, and rental yield measures 9.16% with $3,128/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 114.16% and total cumulative return in cash records $155,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,128/mo property income covering a $2,006/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.39 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-01-06 | Price change | $409,900 |
| 2024-11-07 | Price change | $430,000 |
| 2024-09-30 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $1417.26 | 17.57% | $80,000 | 60.00% |
| 2023-02-13 | $1205.47 | N/A | $50,000 | N/A |
| 2022-02-13 | N/A | N/A | $50,000 | 100.00% |
Listed by: Steven Nieves • Real Estate Market Experts
Mls Name: NTREIS
Mls ID: #20738202
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.
