2109 Woodmere DrLancasterTX75134
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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 2109 Woodmere Dr, Lancaster, TX, 75134 offers $3,725/mo rent that, after a $1,561/mo payment, leaves $1,277/mo cash flow. Total monthly income is $3,725/mo, and annual cash flow is $15,327/yr on $105,749 cash. Return on cash invested measures 34.4% in year one, and rental yield stands at 14.01% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 182.54% and total cumulative return in cash reaches $193,033. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,725/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
6,185 sqft lot
$N/A/sqft
$165 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,830 (100%) |
| Owner Occupied HU | 4,566 (58.3%) |
| Renter Occupied HU | 2,789 (35.6%) |
| Vacant Housing Units | 475 ( 6.1%) |
| Median Home Value | $275,768 |
| Average Home Value | $313,462 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
Price History
Date | Event | Price |
|---|---|---|
| 2024-07-28 | Listed for sale | $319,000 |
| 2019-08-03 | Listing removed | $209,900 |
| 2019-07-11 | Pending sale | $209,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $7286.38 | -9.01% | $302,220 | N/A |
| 2022-08-14 | $8007.52 | 33.33% | $302,220 | 43.73% |
| 2021-08-14 | $6005.60 | -3.49% | $210,270 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2014
- Architectural Style: Traditional,Detached
- Building Area: N/A
- Living Area: 1,817 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Carpet, Ceramic Tile
- Interior Features: Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, High Speed Internet, Pantry, Cable TV, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Additional Parking, Driveway, Garage, Garage Door Opener, Garage Faces Rear
Location
HOA & Fees
- HOA Fee: $165 annually
- Association Fee: $165 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Association Management, Insurance
Utilities
- Utilities: Electricity Available, Electricity Connected, Sewer Available, Water Available, Cable Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Rosa Parks-Millbrook
- Middle School: Lancaster
- High School: Lancaster
Listed by: Jojuana Cleveland • Ultima Real Estate
Mls Name: NTREIS
Mls ID: #20686991
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.