303 ThirdLindsayTX76250
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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 Lindsay at 303 Third, Lindsay, TX, 76250 priced at $455,500 converts $2,888/mo rent into after a $2,229/mo obligation. Total monthly income equals $2,888/mo. Return on cash invested prints 17.12% in year one, and rental yield reads 7.61% against a $455,500 entry. Equity gained on principal adds $2,939/yr, while 5% annual appreciation compiles into $125,846 by year five. Five-year ROI reaches 89.12% and total cumulative return in cash sums $134,573. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,888/mo property income covering a $2,229/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76250, Lindsay, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 389 (100%) |
| Owner Occupied HU | 305 (78.4%) |
| Renter Occupied HU | 53 (13.6%) |
| Vacant Housing Units | 31 ( 8.0%) |
| Median Home Value | $325,000 |
| Average Home Value | $378,582 |
Housing Distribution
Address Breakdown
Residential
148
Single Family
148
Multi-Family
0
Businesses
39
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Listed by: MISTY SCHMITZ • TIERRA REAL ESTATE
Mls Name: NTREIS
Mls ID: #20925339
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.