196 Lake DrEnchanted OakTX75156
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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 Enchanted Oak at 196 Lake Dr, Enchanted Oak, TX, 75156 offers $2,094/mo rent that, after a $2,296/mo payment. Total monthly income is $2,094/mo. Return on cash invested measures 10.33% in year one, and rental yield stands at 5.36% at a $469,000 entry. Equity gained on principal adds $3,026/yr while 5% annual appreciation compounds into $129,576 by year five. Five-year ROI records 52.67% and total cumulative return in cash reaches $81,895. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,094/mo property income versus a $2,296/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,581 sqft lot
$N/A/sqft
No HOA
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Listed by: Kylie Ramirez • x2 Realty Group
Mls Name: NTREIS
Mls ID: #20848195
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