5318 Lancaster DrNolanvilleTX76513
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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 Nolanville at 5318 Lancaster Dr, Nolanville, TX, 76513 generates $2,375/mo in rent, after a $1,664/mo payment. Total monthly income is $2,375/mo. Return on cash invested sits at 19.45% in year one, and rental yield is 8.38% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 101.63% and total cumulative return in cash sums $114,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,375/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76513, Belton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,497 (100%) |
| Owner Occupied HU | 12,076 (65.3%) |
| Renter Occupied HU | 5,158 (27.9%) |
| Vacant Housing Units | 1,263 ( 6.8%) |
| Median Home Value | $336,211 |
| Average Home Value | $377,275 |
Housing Distribution
Address Breakdown
Residential
18,034
Single Family
15,946
Multi-Family
2,088
Businesses
1,278
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Listed by: Paula Golden • Covington Real Estate, Inc.
Mls Name: Central Texas MLS
Mls ID: #593916