362 Stephens Loop, Lake City, TX, 78368 | $143/mo Cash Flow

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362 Stephens Loop, Lake City, TX, 78368 | $143/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lake City at 362 Stephens Loop, Lake City, TX, 78368 listed at $160,000 pairs $1,281/mo rent with a $783/mo payment to leave $143/mo cash flow. Total monthly income runs $1,281/mo, and annual cash flow reaches $1,720/yr on $53,040 cash to close. Return on cash invested measures 23.15% in year one, and rental yield registers 9.61% at a $160,000 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,205 by year five. Five-year ROI tracks 121.5% and total cumulative return in cash totals $64,442. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,281/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1975

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for a fun project in a lakeside community? Welcome to Lake City, where weekends feel like vacation and the neighbors wave from their golf carts! This retro 2-bed, 2-bath home sits on a corner lot across from what was lake view and is packed with potential. Youll love the open-concept living area with high ceilings, a detached garage, and extra outbuildings for your toys or tools. Need more space? Theres even an apartment thats ready for your rehab ideas perfect for guests, rental income, or a creative studio. While the lake levels are low right now, residents enjoy two private boat ramps plus another just minutes away at Lake Corpus Christi State Park, so youll always have a place to launch the boat, fish, or paddleboard. Whether youre dreaming of a weekend getaway, a retro renovation, or your full-time lake retreat, this spot in Lake City, Texas, offers affordable entry into a fun, recreation-filled lifestyle. Bring your vision and maybe your fishing pole and start making lake life your reality!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,364 (100%)
Owner Occupied HU	2,565 (58.8%)
Renter Occupied HU	827 (19.0%)
Vacant Housing Units	972 (22.3%)
Median Home Value	$131,852
Average Home Value	$181,989