214 Gandy St, Lipan, TX, 76462 | $399/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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214 Gandy St, Lipan, TX, 76462 | $399/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lipan at 214 Gandy St, Lipan, TX, 76462 uses $53,040 cash to close to unlock $4,792/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,537/mo, and a $783/mo payment keeps the spread at $399/mo. Purchase price stands at $160,000, and rental yield measures 11.53% with $1,537/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 152.56% and total cumulative return in cash records $80,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $783/mo payment rather than investor’s personal income.

Manufactured

Built in 2000

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 3 bedroom, 2 bath manufactured home offering comfortable living and practical updates throughout. Located on a .16-acre lot, this property features a covered front porch with wheelchair-accessible ramp, seamless rain gutters installed approximately two years ago, and a wood privacy fence for added privacy. A newer storage shed provides extra outdoor storage. Inside, the living room, dining area, and kitchen have been recently painted, creating a bright and inviting interior. Both bathrooms have been remodeled with new shower stalls. The kitchen offers ample cabinetry, a gas stove and oven, and a dishwasher. Bedrooms include ceiling fans, and the primary bedroom features a walk-in closet. Additional highlights include central air and heat that is serviced annually, a composition roof less than seven years old, and a propane hot water heater approximately three years old. The home is connected to city water and sewer, making everyday living simple and convenient. A well-cared-for home with accessibility features and recent improvementsschedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76462, Lipan, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,577 (100%)
Owner Occupied HU	1,156 (73.3%)
Renter Occupied HU	224 (14.2%)
Vacant Housing Units	197 (12.5%)
Median Home Value	$393,814
Average Home Value	$502,766