2901 Lakewood LnROYSE CITYTX75189
Nearby investment properties with comparable rents
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 ROYSE CITY at 2901 Lakewood Ln, ROYSE CITY, TX, 75189 uses $97,633 cash to close to unlock $6,932/yr annual cash flow and $578/mo monthly cash flow. Total monthly income runs $2,720/mo, and a $1,442/mo payment keeps the spread at $578/mo. Purchase price stands at $294,520, and rental yield measures 11.08% with $2,720/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $81,370 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash records $138,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,720/mo property income covering a $1,442/mo payment rather than investor’s personal income.
Single Family
Built in 2008
7,200 sqft lot
$N/A/sqft
$570 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75189, Royse City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,871 (100%) |
| Owner Occupied HU | 18,051 (86.5%) |
| Renter Occupied HU | 1,937 ( 9.3%) |
| Vacant Housing Units | 883 ( 4.2%) |
| Median Home Value | $366,037 |
| Average Home Value | $408,538 |
Housing Distribution
Address Breakdown
Residential
19,440
Single Family
19,006
Multi-Family
434
Businesses
690
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anyiesa Johnson • Opendoor Brokerage, LLC
Mls Name: NTREIS
Mls ID: #20955662
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.