2890 Canvas Back DrLone OakTX75453
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Nearby investment properties with comparable prices
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
Investment property for sale in Lone Oak at 2890 Canvas Back Dr, Lone Oak, TX, 75453 listed at $463,240 pairs $2,640/mo rent with a $2,267/mo payment. Total monthly income runs $2,640/mo. Return on cash invested measures 14.8% in year one, and rental yield registers 6.84% at a $463,240 basis. Equity gained on principal adds $2,989/yr, and annual property appreciation at 5% supports $127,985 by year five. Five-year ROI tracks 76.67% and total cumulative return in cash totals $117,731. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,640/mo property income relative to a $2,267/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75453, Lone Oak, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,737 (100%) |
| Owner Occupied HU | 1,280 (73.7%) |
| Renter Occupied HU | 229 (13.2%) |
| Vacant Housing Units | 228 (13.1%) |
| Median Home Value | $255,014 |
| Average Home Value | $270,705 |
Housing Distribution
Address Breakdown
Residential
1,532
Single Family
1,532
Multi-Family
0
Businesses
96
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