2900 Farm Road 198 ELake CreekTX75450
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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
Investment property for sale in Lake Creek at 2900 Farm Road 198 E, Lake Creek, TX, 75450 offers a 0% rental yield on a $675,000 purchase with $0/mo rent. 88% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
64.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75450, Lake Creek, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 135 (100%) |
| Owner Occupied HU | 106 (78.5%) |
| Renter Occupied HU | 14 (10.4%) |
| Vacant Housing Units | 15 (11.1%) |
| Median Home Value | $231,579 |
| Average Home Value | $234,222 |
Housing Distribution
Address Breakdown
Residential
127
Single Family
127
Multi-Family
0
Businesses
3
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Listed by: Brenda Stewart • Stewart Realty & Associates
Mls Name: NTREIS
Mls ID: #21078284