3308 Lakemont Dr #G2QXXWMansfieldTX76084
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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
Investment property for sale in Mansfield at 3308 Lakemont Dr #G2QXXW, Mansfield, TX, 76084 offers a 8.57% rental yield on a $484,300 purchase with $3,460/mo rent. Total monthly income registers $3,460/mo, and a $2,370/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $198/yr on $160,545 to close, and return on cash invested stands at 20.03% in year one. Equity gained on principal adds $3,125/yr while 5% annual appreciation supports $133,803 over five years. Portfolio math shows five-year ROI at 104.71% and total cumulative return in cash at $168,107. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,460/mo property income against a $2,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76084, Venus, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,458 (100%) |
| Owner Occupied HU | 4,567 (83.7%) |
| Renter Occupied HU | 548 (10.0%) |
| Vacant Housing Units | 343 ( 6.3%) |
| Median Home Value | $329,699 |
| Average Home Value | $357,856 |
Housing Distribution
Address Breakdown
Residential
5,310
Single Family
5,195
Multi-Family
115
Businesses
179
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