409 Hoover AveLavonTX75166
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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 Lavon at 409 Hoover Ave, Lavon, TX, 75166 earns $2,415/mo cash flow from $4,992/mo rent with a $1,591/mo payment. Total monthly income totals $4,992/mo, and annual cash flow totals $28,979/yr on $107,738 capital. ROI tracks 46.81% on current figures, and rental yield reads 18.43% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 249.36% and total cumulative return in cash sums $268,657. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,992/mo property income instead of your personal income.
Single Family
Built in 2015
6,229 sqft lot
$N/A/sqft
$295 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75166, Lavon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,942 (100%) |
| Owner Occupied HU | 3,366 (85.4%) |
| Renter Occupied HU | 259 ( 6.6%) |
| Vacant Housing Units | 317 ( 8.0%) |
| Median Home Value | $503,425 |
| Average Home Value | $530,001 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,167
Multi-Family
0
Businesses
134
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Listed by: Shams Noorani • REKonnection, LLC
Mls Name: NTREIS
Mls ID: #20944505
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.