35 Elm Forest WayLancasterTX75146
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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 Lancaster at 35 Elm Forest Way, Lancaster, TX, 75146 priced at $293,490 pairs $2,399/mo rent with $272/mo cash flow after a $1,436/mo payment. Total monthly income equals $2,399/mo, and annual cash flow comes to $3,265/yr on $97,292 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 9.81% on a $293,490 basis. Equity gained on principal adds $1,894/yr, and 5% annual appreciation accumulates to $81,086 by year five. Five-year ROI measures 122.28% and total cumulative return in cash reaches $118,964. For financing, Ziffy Mortgage’s DSCR program evaluates $2,399/mo property income against a $1,436/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
5,749 sqft lot
$N/A/sqft
$484 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
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Listed by: Bryan Reasor • Jeanette Anderson Real Estate
Mls Name: NTREIS
Mls ID: #20723936
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.