580 W 6th 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
Rental property for sale in Lancaster at 580 W 6th St, Lancaster, TX, 75146 priced at $178,000 converts $1,391/mo rent into after a $871/mo obligation. Total monthly income equals $1,391/mo. Return on cash invested prints 19.71% in year one, and rental yield reads 9.38% against a $178,000 entry. Equity gained on principal adds $1,149/yr, while 5% annual appreciation compiles into $49,178 by year five. Five-year ROI reaches 104.04% and total cumulative return in cash sums $61,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,391/mo property income covering a $871/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.43 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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Listed by: David Ellis • David Ellis Real Estate
Mls Name: NTREIS
Mls ID: #20921434
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.