402 Lakeshore BlvdLucasTX75002
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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 Lucas at 402 Lakeshore Blvd, Lucas, TX, 75002 with 5% annual appreciation on a $1,639,900 basis while $8,870/mo rent supports operations. 89% in year one. Equity gained on principal adds $10,582/yr, and five-year appreciation sums $453,074 alongside rental yield of 6.49%. Five-year ROI measures 71.78% and total cumulative return in cash totals $381,362. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,870/mo property income versus a $8,026/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
0.52 Acres lot
$N/A/sqft
$462 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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Listed by: Scott Pace • Iconic Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20733522
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.