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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lancaster at 2264 Merrimac Ln, Lancaster, TX, 75146 offers a 11.75% rental yield on a $245,000 purchase with $2,399/mo rent. Total monthly income registers $2,399/mo, and a $1,199/mo payment leaves $502/mo available for distribution. Annual cash flow reaches $6,018/yr on $81,218 to close, and return on cash invested stands at 27.32% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 144.65% and total cumulative return in cash at $117,480. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,399/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-25 | $5930.29 | 6.11% | $251,060 | 8.31% |
| 2023-04-25 | $5588.57 | 5.62% | $231,800 | 16.07% |
| 2022-04-25 | $5291.19 | 26.27% | $199,700 | 36.11% |
Listed by: Michael Harrison • CLAY STAPP + CO
Mls Name: NTREIS
Mls ID: #20897000
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
