450 Lake RdBullardTX75757
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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 Bullard at 450 Lake Rd, Bullard, TX, 75757 priced at $259,000 converts $2,764/mo rent into $881/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,764/mo, and annual cash flow totals $10,575/yr on $85,859 invested. Return on cash invested prints 32.23% in year one, and rental yield reads 12.81% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 170.35% and total cumulative return in cash sums $146,260. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,764/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 2024
7,405 sqft lot
$N/A/sqft
$488 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75757, Bullard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,745 (100%) |
| Owner Occupied HU | 4,356 (75.8%) |
| Renter Occupied HU | 892 (15.5%) |
| Vacant Housing Units | 497 ( 8.7%) |
| Median Home Value | $300,855 |
| Average Home Value | $345,717 |
Housing Distribution
Address Breakdown
Residential
6,218
Single Family
6,140
Multi-Family
78
Businesses
309
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Listed by: Rene Griffin-perry • RE/MAX Tyler
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24004761
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.