2944 Horseshoe Lake RdIowa ParkTX76367
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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 Iowa Park at 2944 Horseshoe Lake Rd, Iowa Park, TX, 76367 offers a 11.04% rental yield on a $584,900 purchase with $5,381/mo rent. Total monthly income registers $5,381/mo, and a $2,863/mo payment leaves $1,221/mo available for distribution. Annual cash flow reaches $14,658/yr on $192,432 to close, and return on cash invested stands at 27.68% in year one. Equity gained on principal adds $3,774/yr while 5% annual appreciation supports $161,597 over five years. Portfolio math shows five-year ROI at 145.69% and total cumulative return in cash at $280,355. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,381/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
3.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76367, Iowa Park, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 3,191 (75.5%) |
| Renter Occupied HU | 771 (18.2%) |
| Vacant Housing Units | 264 ( 6.2%) |
| Median Home Value | $192,809 |
| Average Home Value | $217,260 |
Housing Distribution
Address Breakdown
Residential
4,072
Single Family
4,054
Multi-Family
18
Businesses
253
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