504 Lakewood DrLongviewTX75604
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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 Longview at 504 Lakewood Dr, Longview, TX, 75604 generates $2,485/mo in rent and, after a $1,591/mo payment, leaves $174/mo in cash flow. Total monthly income is $2,485/mo, and annual cash flow is $2,083/yr on $107,738 invested. Return on cash invested sits at 21.84% in year one, and rental yield is 9.18% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 114.43% and total cumulative return in cash sums $123,289. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,485/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
10,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
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