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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% |
Rental property for sale in Lorena at 2808 Skinner Dr, Lorena, TX, 76655 priced at $289,000 pairs $2,694/mo rent with $618/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,694/mo, and annual cash flow comes to $7,421/yr on $95,804 invested. Return on cash invested is 27.65% in year one, and rental yield stands at 11.19% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 145.7% and total cumulative return in cash reaches $139,586. For financing, Ziffy Mortgage’s DSCR program evaluates $2,694/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
8,581 sqft lot
$N/A/sqft
$240 annually HOA
Neighborhood data shown for ZIP Code: 76655, Lorena, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,436 (100%) |
| Owner Occupied HU | 3,509 (79.1%) |
| Renter Occupied HU | 790 (17.8%) |
| Vacant Housing Units | 137 ( 3.1%) |
| Median Home Value | $337,780 |
| Average Home Value | $372,706 |
Residential
4,436
Single Family
4,436
Multi-Family
0
Businesses
166
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $289,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $3512.46 | -3.09% | $263,684 | 10.00% |
| 2023-04-08 | $3624.53 | -14.02% | $239,713 | 10.00% |
| 2022-04-08 | $4215.78 | -1.83% | $217,921 | 10.00% |
Listed by: Kathryn Lee • Coldwell Banker Apex, REALTORS
Mls Name: WMLS
Mls Provider:
Mls ID: #229453
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-04-08 08:55:18 PDT
