303 Luby DrTom BeanTX75090
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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
Rental property for sale in Tom Bean at 303 Luby Dr, Tom Bean, TX, 75090 priced at $265,000 pairs $2,202/mo rent with $318/mo cash flow after a $1,297/mo payment. Total monthly income equals $2,202/mo, and annual cash flow comes to $3,811/yr on $87,848 invested. Return on cash invested is 24.25% in year one, and rental yield stands at 9.97% on a $265,000 basis. Equity gained on principal adds $1,710/yr, and 5% annual appreciation accumulates to $73,215 by year five. Five-year ROI measures 127.33% and total cumulative return in cash reaches $111,855. For financing, Ziffy Mortgage’s DSCR program evaluates $2,202/mo property income against a $1,297/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75090, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,606 (100%) |
| Owner Occupied HU | 5,791 (54.6%) |
| Renter Occupied HU | 3,748 (35.3%) |
| Vacant Housing Units | 1,067 (10.1%) |
| Median Home Value | $234,733 |
| Average Home Value | $309,667 |
Housing Distribution
Address Breakdown
Residential
9,743
Single Family
8,913
Multi-Family
830
Businesses
1,352
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Listed by: Hillary Leutwyler • Rogers Healy and Associates
Mls Name: NTREIS
Mls ID: #21066077
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.