407 N Lane StDecaturTX76234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Decatur at 407 N Lane St, Decatur, TX, 76234 priced at $235,000 pairs $1,759/mo rent with $88/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,759/mo, and annual cash flow comes to $1,057/yr on $77,903 invested. Return on cash invested is 21.27% in year one, and rental yield stands at 8.98% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 111.38% and total cumulative return in cash reaches $86,764. For financing, Ziffy Mortgage’s DSCR program evaluates $1,759/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76234, Decatur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,060 (100%) |
| Owner Occupied HU | 5,721 (71.0%) |
| Renter Occupied HU | 1,737 (21.6%) |
| Vacant Housing Units | 602 ( 7.5%) |
| Median Home Value | $402,786 |
| Average Home Value | $464,320 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,756
Multi-Family
318
Businesses
1,018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices