3308 Lakemont Dr #RLOQETMansfieldTX76084
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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 Mansfield at 3308 Lakemont Dr #RLOQET, Mansfield, TX, 76084 offers $4,519/mo rent that, after a $2,585/mo payment, leaves $763/mo cash flow. Total monthly income is $4,519/mo, and annual cash flow is $9,158/yr on $173,778 cash. Return on cash invested measures 25.33% in year one, and rental yield stands at 10.27% at a $528,200 entry. Equity gained on principal adds $3,408/yr while 5% annual appreciation compounds into $145,932 by year five. Five-year ROI records 133.12% and total cumulative return in cash reaches $231,329. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,519/mo property income versus a $2,585/mo payment rather than borrower’s personal income verification through 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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