515 Limestone CirMabankTX75147
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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 Mabank at 515 Limestone Cir, Mabank, TX, 75147 priced at $361,500 converts $2,220/mo rent into after a $1,769/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 16.4% in year one, and rental yield reads 7.37% against a $361,500 entry. Equity gained on principal adds $2,333/yr, while 5% annual appreciation compiles into $99,876 by year five. Five-year ROI reaches 85.25% and total cumulative return in cash sums $102,156. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,769/mo payment, not borrower’s personal income.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75147, Mabank, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,477 (65.3%) |
| Renter Occupied HU | 981 (25.9%) |
| Vacant Housing Units | 335 ( 8.8%) |
| Median Home Value | $336,546 |
| Average Home Value | $337,294 |
Housing Distribution
Address Breakdown
Residential
3,698
Single Family
3,622
Multi-Family
76
Businesses
411
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Listed by: Laura Mcfaul • Ebby Halliday Realtors
Mls Name: NTREIS
Mls ID: #20688903
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.