267 Lantern Ridge DrAledoTX76008
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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 Aledo at 267 Lantern Ridge Dr, Aledo, TX, 76008 priced at $619,720 converts $3,594/mo rent into after a $3,033/mo obligation. Total monthly income equals $3,594/mo. Return on cash invested prints 13.95% in year one, and rental yield reads 6.96% against a $619,720 entry. Equity gained on principal adds $3,999/yr, while 5% annual appreciation compiles into $171,217 by year five. Five-year ROI reaches 72.58% and total cumulative return in cash sums $147,983. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,594/mo property income covering a $3,033/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76008, Aledo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,914 (100%) |
| Owner Occupied HU | 8,685 (87.6%) |
| Renter Occupied HU | 749 ( 7.6%) |
| Vacant Housing Units | 480 ( 4.8%) |
| Median Home Value | $528,969 |
| Average Home Value | $590,314 |
Housing Distribution
Address Breakdown
Residential
9,537
Single Family
9,524
Multi-Family
13
Businesses
763
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Listed by: Ethan Stone • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20808308
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.