224 Cody LnLumbertonTX77657
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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 Lumberton at 224 Cody Ln, Lumberton, TX, 77657 priced at $539,900 converts $3,587/mo rent into after a $2,643/mo obligation. Total monthly income equals $3,587/mo. Return on cash invested prints 18.18% in year one, and rental yield reads 7.97% against a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation compiles into $149,164 by year five. Five-year ROI reaches 94.85% and total cumulative return in cash sums $168,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,587/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77657, Lumberton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,451 (100%) |
| Owner Occupied HU | 6,965 (73.7%) |
| Renter Occupied HU | 1,796 (19.0%) |
| Vacant Housing Units | 690 ( 7.3%) |
| Median Home Value | $254,632 |
| Average Home Value | $284,575 |
Housing Distribution
Address Breakdown
Residential
9,370
Single Family
8,794
Multi-Family
576
Businesses
605
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Listed by: Dayna Simmons • Dayna Simmons Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #21835137
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