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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lantana at 361 Conroe Cir, Lantana, TX, 76226 priced at $439,900 converts $3,228/mo rent into after a $2,153/mo obligation. Total monthly income equals $3,228/mo. Return on cash invested prints 18.34% in year one, and rental yield reads 8.81% against a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation compiles into $121,536 by year five. Five-year ROI reaches 96.52% and total cumulative return in cash sums $140,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,228/mo property income covering a $2,153/mo payment, not borrower’s personal income.
Single Family
Built in 2004
4,356 sqft lot
$N/A/sqft
$121 monthly HOA
Neighborhood data shown for ZIP Code: 76226, Argyle, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,414 (100%) |
| Owner Occupied HU | 15,448 (88.7%) |
| Renter Occupied HU | 1,291 ( 7.4%) |
| Vacant Housing Units | 675 ( 3.9%) |
| Median Home Value | $615,556 |
| Average Home Value | $679,325 |
Residential
16,345
Single Family
16,345
Multi-Family
0
Businesses
916
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $439,900 |
| 2017-09-20 | Listing removed | $275,000 |
| 2017-09-14 | Pending sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-22 | $9337.40 | 4.85% | $431,634 | 20.53% |
| 2023-05-22 | $8905.23 | 28.28% | $358,124 | 10.00% |
| 2022-05-22 | $6941.77 | 3.52% | $325,567 | 10.00% |
Listed by: Susan Mayer • Ebby Halliday, REALTORS
Mls Name: NTREIS
Mls ID: #20928365
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.
