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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lancaster at 501 Colgate Dr, Lancaster, TX, 75134 priced at $309,000 pairs $2,140/mo rent with after a $1,512/mo payment. Total monthly income equals $2,140/mo. Return on cash invested is 19.24% in year one, and rental yield stands at 8.31% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 100.52% and total cumulative return in cash reaches $102,965. For financing, Ziffy Mortgage’s DSCR program evaluates $2,140/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
| 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 |
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $309,000 |
| 2021-01-22 | Sold | N/A |
| 2020-12-22 | Pending sale | $262,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $4005.32 | -0.67% | $282,650 | 6.34% |
| 2023-04-28 | $4032.14 | -42.75% | $265,800 | N/A |
| 2022-04-28 | $7042.54 | -12.08% | $265,800 | -5.22% |
Listed by: Edward Mcclintick • Joseph Walter Realty, LLC
Mls Name: NTREIS
Mls ID: #20917697
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.
