606 Colgate DrLancasterTX75134
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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 606 Colgate Dr, Lancaster, TX, 75134 offers $2,035/mo rent that, after a $1,273/mo payment, leaves $181/mo cash flow. Total monthly income is $2,035/mo, and annual cash flow is $2,173/yr on $86,190 cash. Return on cash invested measures 22.43% in year one, and rental yield stands at 9.39% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 117.64% and total cumulative return in cash reaches $101,393. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,035/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,319 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,830 (100%) |
| Owner Occupied HU | 4,566 (58.3%) |
| Renter Occupied HU | 2,789 (35.6%) |
| Vacant Housing Units | 475 ( 6.1%) |
| Median Home Value | $275,768 |
| Average Home Value | $313,462 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
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Listed by: Brett Davenport • OnDemand Realty
Mls Name: NTREIS
Mls ID: #20732928
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.