219 Lockhart StPittsburgTX75686
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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 Pittsburg at 219 Lockhart St, Pittsburg, TX, 75686 priced at $194,900 converts $1,600/mo rent into $214/mo cash flow after a $954/mo obligation. Total monthly income equals $1,600/mo, and annual cash flow totals $2,568/yr on $64,609 invested. Return on cash invested prints 23.88% in year one, and rental yield reads 9.85% against a $194,900 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,847 by year five. Five-year ROI reaches 125.35% and total cumulative return in cash sums $80,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,600/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1992
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75686, Pittsburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,026 (100%) |
| Owner Occupied HU | 3,782 (62.8%) |
| Renter Occupied HU | 1,337 (22.2%) |
| Vacant Housing Units | 907 (15.1%) |
| Median Home Value | $185,662 |
| Average Home Value | $247,663 |
Housing Distribution
Address Breakdown
Residential
5,626
Single Family
5,548
Multi-Family
78
Businesses
486
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Listed by: Dean Jennings • Patrick Redfearn Realty, LLC
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25009341
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.