2055 Estates PkwyLucasTX75002
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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 Lucas at 2055 Estates Pkwy, Lucas, TX, 75002 priced at $600,000 converts $4,181/mo rent into after a $2,937/mo obligation. Total monthly income equals $4,181/mo. Return on cash invested prints 19.54% in year one, and rental yield reads 8.36% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 102.03% and total cumulative return in cash sums $201,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,181/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1978
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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Listed by: Christie Cannon • Keller Williams Frisco Stars
Mls Name: NTREIS
Mls ID: #20868881
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.