318 Lelon CtSpringtownTX76082
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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 Springtown at 318 Lelon Ct, Springtown, TX, 76082 priced at $220,000 converts $1,814/mo rent into $227/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,814/mo, and annual cash flow totals $2,724/yr on $72,930 invested. Return on cash invested prints 23.64% in year one, and rental yield reads 9.89% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 124.19% and total cumulative return in cash sums $90,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,814/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
2.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Housing Distribution
Address Breakdown
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
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Listed by: Brandi Pitts • Weichert REALTORS, Team Realty
Mls Name: NTREIS
Mls ID: #20873368
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.