404 E Locust StLeonardTX75452
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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 Leonard at 404 E Locust St, Leonard, TX, 75452 generates $2,106/mo in rent and, after a $1,297/mo payment, leaves $222/mo in cash flow. Total monthly income is $2,106/mo, and annual cash flow is $2,659/yr on $87,848 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 9.54% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 120.31% and total cumulative return in cash sums $105,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,106/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75452, Leonard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,098 (100%) |
| Owner Occupied HU | 1,459 (69.5%) |
| Renter Occupied HU | 434 (20.7%) |
| Vacant Housing Units | 205 ( 9.8%) |
| Median Home Value | $276,141 |
| Average Home Value | $355,331 |
Housing Distribution
Address Breakdown
Residential
1,861
Single Family
1,830
Multi-Family
31
Businesses
109
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Listed by: Braeden Wright • HomeSmart
Mls Name: NTREIS
Mls ID: #20807230
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.