289 McIlrathLeonardTX75452
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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 Leonard at 289 McIlrath, Leonard, TX, 75452 priced at $389,900 converts $5,134/mo rent into $2,362/mo cash flow after a $1,908/mo obligation. Total monthly income equals $5,134/mo, and annual cash flow totals $28,341/yr on $129,252 invested. Return on cash invested prints 41.84% in year one, and rental yield reads 15.8% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 221.63% and total cumulative return in cash sums $286,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,134/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 1990
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75452, Leonard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,098 (100%) |
| Owner Occupied HU | 1,459 (69.5%) |
| Renter Occupied HU | 434 (20.7%) |
| Vacant Housing Units | 205 ( 9.8%) |
| Median Home Value | $276,141 |
| Average Home Value | $355,331 |
Housing Distribution
Address Breakdown
Residential
1,861
Single Family
1,830
Multi-Family
31
Businesses
109
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Listed by: Jennifer Neal • Talley and Company, LTD
Mls Name: NTREIS
Mls ID: #20684456
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.