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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 Lott at 506 E Elm, Lott, TX, 76656 priced at $145,000 converts $2,032/mo rent into $1,001/mo cash flow after a $710/mo obligation. Total monthly income equals $2,032/mo, and annual cash flow totals $12,007/yr on $48,068 invested. Return on cash invested prints 44.89% in year one, and rental yield reads 16.82% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 238.06% and total cumulative return in cash sums $114,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,032/mo property income covering a $710/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76656, Lott, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,147 (100%) |
| Owner Occupied HU | 771 (67.2%) |
| Renter Occupied HU | 177 (15.4%) |
| Vacant Housing Units | 199 (17.3%) |
| Median Home Value | $188,056 |
| Average Home Value | $246,722 |
Residential
915
Single Family
915
Multi-Family
0
Businesses
71
Date | Event | Price |
|---|---|---|
| 2024-07-02 | Price change | $145,000 |
| 2024-06-12 | Listed for sale | $165,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Morgan Tindle • Keller Williams Heritage West
Mls Name: WMLS
Mls Provider:
Mls ID: #223555
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 03:24:48 PDT
