276 E Chance Cut OffLumbertonTX77657
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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 276 E Chance Cut Off, Lumberton, TX, 77657 priced at $348,900 pairs $2,870/mo rent with $389/mo cash flow after a $1,708/mo payment. Total monthly income equals $2,870/mo, and annual cash flow comes to $4,663/yr on $115,660 invested. Return on cash invested is 23.94% in year one, and rental yield stands at 9.87% on a $348,900 basis. Equity gained on principal adds $2,251/yr, and 5% annual appreciation accumulates to $96,395 by year five. Five-year ROI measures 125.67% and total cumulative return in cash reaches $145,348. For financing, Ziffy Mortgage’s DSCR program evaluates $2,870/mo property income against a $1,708/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No 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: Rhonda Hinson • JLA Realty
Mls Name: BBOR
Mls Provider:
Mls ID: #249638
Disclaimer: All information provided is deemed reliable but is not guaranteed. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.