213 Cherry DrLexingtonTX78947
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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
Investment property for sale in Lexington at 213 Cherry Dr, Lexington, TX, 78947 with 5% annual appreciation on a $149,000 basis while $1,132/mo rent supports operations. Total monthly income totals $1,132/mo and a $729/mo payment preserves $73/mo for cash returns. Annual cash flow comes to $873/yr on $49,394 deployed, and return on cash invested reaches 21.68% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 9.12%. Five-year ROI measures 113.56% and total cumulative return in cash totals $56,092.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,132/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78947, Lexington, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,373 (100%) |
| Owner Occupied HU | 1,723 (72.6%) |
| Renter Occupied HU | 320 (13.5%) |
| Vacant Housing Units | 330 (13.9%) |
| Median Home Value | $321,442 |
| Average Home Value | $408,247 |
Housing Distribution
Address Breakdown
Residential
1,818
Single Family
1,794
Multi-Family
24
Businesses
141
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