220 Ivy Ln, Hewitt, TX, 76643 | $142/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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220 Ivy Ln, Hewitt, TX, 76643 | $142/mo Cash Flow | Ziffy

For Sale

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 Hewitt at 220 Ivy Ln, Hewitt, TX, 76643 uses $89,505 cash to close to unlock $1,698/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,062/mo, and a $1,322/mo payment keeps the spread at $142/mo. Purchase price stands at $270,000, and rental yield measures 9.16% with $2,062/mo rent. Return on cash invested shows 21.81% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 114.24% and total cumulative return in cash records $102,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,062/mo property income covering a $1,322/mo payment rather than investor’s personal income.

Single Family

Built in 1972

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Set on a spacious .55-acre corner lot with mature pecan trees, 220 Ivy Lane offers a beautifully maintained home with over half an acre of land. Inside, you'll find a bright and inviting living room that flows into the kitchen, creating an open and welcoming space. The home features 3 bedrooms, all thoughtfully located on one side for added privacy. The floors, 2 bathrooms, and kitchen have all been updated to provide a more modern feel to the home. Enjoy outdoor living on the covered porch, perfect for relaxing while taking in the peaceful surroundings. A well-maintained storage shed provides extra space for your needs. This home is in a quiet neighborhood and sits in the sought-after Midway School district. Updates in the last two years on the home include: new floors, all interior doors, trim, fixtures, bathroom tile, vanities, and sinks. The roof is 7 years old and is a 25-year roof, and there are energy-efficient windows. Come visit 220 Ivy Lane and see if its the perfect place to call home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76643, Hewitt, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,247 (100%)
Owner Occupied HU	4,500 (72.0%)
Renter Occupied HU	1,579 (25.3%)
Vacant Housing Units	168 ( 2.7%)
Median Home Value	$289,685
Average Home Value	$306,717