208 Iris LnBuchanan DamTX78609
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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 Buchanan Dam at 208 Iris Ln, Buchanan Dam, TX, 78609 priced at $1,127,000 pairs $3,976/mo rent with after a $5,516/mo payment. Total monthly income equals $3,976/mo. Return on cash invested is 7.1% in year one, and rental yield stands at 4.23% on a $1,127,000 basis. Equity gained on principal adds $7,272/yr, and 5% annual appreciation accumulates to $311,369 by year five. Five-year ROI measures 35.29% and total cumulative return in cash reaches $128,844. For financing, Ziffy Mortgage’s DSCR program evaluates $3,976/mo property income against a $5,516/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78609, Buchanan Dam, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 795 (54.0%) |
| Renter Occupied HU | 224 (15.2%) |
| Vacant Housing Units | 452 (30.7%) |
| Median Home Value | $362,500 |
| Average Home Value | $444,676 |
Housing Distribution
Address Breakdown
Residential
999
Single Family
999
Multi-Family
0
Businesses
130
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Listed by: Katie A Simon • Lake Life Team-eXp Realty
Mls Name: HLMLS
Mls ID: #174442