308 N Lakeview DrPalo PintoTX76484
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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 Palo Pinto at 308 N Lakeview Dr, Palo Pinto, TX, 76484 priced at $285,000 converts $1,614/mo rent into after a $1,395/mo obligation. Total monthly income equals $1,614/mo. Return on cash invested prints 14.67% in year one, and rental yield reads 6.8% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 75.96% and total cumulative return in cash sums $71,766. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,614/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2023
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76484, Palo Pinto, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 510 (100%) |
| Owner Occupied HU | 298 (58.4%) |
| Renter Occupied HU | 45 ( 8.8%) |
| Vacant Housing Units | 167 (32.7%) |
| Median Home Value | $267,308 |
| Average Home Value | $484,312 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
348
Multi-Family
0
Businesses
46
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