568 W Hammond StLancasterTX75146
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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
Investment property for sale in Lancaster at 568 W Hammond St, Lancaster, TX, 75146 offers a 8.53% rental yield on a $350,000 purchase with $2,489/mo rent. Total monthly income registers $2,489/mo, and a $1,713/mo payment leaves $0/mo available for distribution. Annual cash flow reaches $2/yr on $116,025 to close, and return on cash invested stands at 19.91% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 104.09% and total cumulative return in cash at $120,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,489/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
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