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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lancaster at 301 Alexander St, Lancaster, TX, 75146 priced at $209,900 converts $2,340/mo rent into $848/mo cash flow after a $1,027/mo obligation. Total monthly income equals $2,340/mo, and annual cash flow totals $10,173/yr on $69,582 invested. Return on cash invested prints 34.53% in year one, and rental yield reads 13.38% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 182.46% and total cumulative return in cash sums $126,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,340/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 1951
10,193 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
Date | Event | Price |
|---|---|---|
| 2024-08-10 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $2813.58 | N/A | $116,700 | N/A |
Listed by: Benny Dinsmore • Coldwell Banker Realty Frisco
Mls Name: NTREIS
Mls ID: #20690481
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.
