4249 Elkins AveLancasterTX75134
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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 Lancaster at 4249 Elkins Ave, Lancaster, TX, 75134 priced at $140,000 converts $1,085/mo rent into $71/mo cash flow after a $685/mo obligation. Total monthly income equals $1,085/mo, and annual cash flow totals $846/yr on $46,410 invested. Return on cash invested prints 21.73% in year one, and rental yield reads 9.3% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 114.05% and total cumulative return in cash sums $52,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,085/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1953
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,830 (100%) |
| Owner Occupied HU | 4,566 (58.3%) |
| Renter Occupied HU | 2,789 (35.6%) |
| Vacant Housing Units | 475 ( 6.1%) |
| Median Home Value | $275,768 |
| Average Home Value | $313,462 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
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Listed by: Heather Pierce • Regal, REALTORS
Mls Name: NTREIS
Mls ID: #20883022
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.