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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% |
Investment property for sale in Lorena at 3016 Risinger Rd, Lorena, TX, 76655 listed at $299,900 pairs $4,254/mo rent with a $1,468/mo payment to leave $1,975/mo cash flow. Total monthly income runs $4,254/mo, and annual cash flow reaches $23,694/yr on $99,417 cash to close. Return on cash invested measures 43.74% in year one, and rental yield registers 17.02% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 232.52% and total cumulative return in cash totals $231,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,254/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
6,621 sqft lot
$N/A/sqft
$240 annually HOA
Neighborhood data shown for ZIP Code: 76655, Lorena, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,436 (100%) |
| Owner Occupied HU | 3,509 (79.1%) |
| Renter Occupied HU | 790 (17.8%) |
| Vacant Housing Units | 137 ( 3.1%) |
| Median Home Value | $337,780 |
| Average Home Value | $372,706 |
Residential
4,436
Single Family
4,436
Multi-Family
0
Businesses
166
Date | Event | Price |
|---|---|---|
| 2024-08-13 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-16 | $6499.74 | 0.23% | $301,960 | 11.75% |
| 2022-08-16 | $6484.88 | 1378.51% | $270,200 | 1444.00% |
| 2021-08-16 | $438.61 | N/A | $17,500 | N/A |
Listed by: Kellie Gore • Camille Johnson
Mls Name: WMLS
Mls Provider:
Mls ID: #224898
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 02:54:45 PDT
