3119 Fm 2803LipanTX76462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Lipan at 3119 Fm 2803, Lipan, TX, 76462 listed at $220,000 pairs $1,794/mo rent with a $1,077/mo payment to leave $229/mo cash flow. Total monthly income runs $1,794/mo, and annual cash flow reaches $2,752/yr on $72,930 cash to close. Return on cash invested measures 23.68% in year one, and rental yield registers 9.79% at a $220,000 basis. Equity gained on principal adds $1,420/yr, and annual property appreciation at 5% supports $60,782 by year five. Five-year ROI tracks 124.34% and total cumulative return in cash totals $90,683. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,794/mo property income relative to a $1,077/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2018
2.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76462, Lipan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,577 (100%) |
| Owner Occupied HU | 1,156 (73.3%) |
| Renter Occupied HU | 224 (14.2%) |
| Vacant Housing Units | 197 (12.5%) |
| Median Home Value | $393,814 |
| Average Home Value | $502,766 |
Housing Distribution
Address Breakdown
Residential
1,450
Single Family
1,450
Multi-Family
0
Businesses
51
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Floyd Hendrick • Associated Real Estate
Mls Name: NTREIS
Mls ID: #20934428
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.