608 Paradise LnLucasTX75098
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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 Lucas at 608 Paradise Ln, Lucas, TX, 75098 earns from $4,577/mo rent with a $4,992/mo payment. Total monthly income totals $4,577/mo. ROI tracks 10.06% on current figures, and rental yield reads 5.38% at a $1,020,000 purchase. Equity gained on principal adds $6,582/yr, and 5% annual appreciation supports $281,807 over five years. Five-year ROI reaches 51.36% and total cumulative return in cash sums $169,747. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,577/mo property income instead of your personal income.
Single Family
Built in 2023
0.28 Acres lot
$N/A/sqft
$985 semi-annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75098, Wylie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,342 (100%) |
| Owner Occupied HU | 20,222 (79.8%) |
| Renter Occupied HU | 4,520 (17.8%) |
| Vacant Housing Units | 600 ( 2.4%) |
| Median Home Value | $465,315 |
| Average Home Value | $527,786 |
Housing Distribution
Address Breakdown
Residential
24,598
Single Family
21,952
Multi-Family
2,646
Businesses
1,460
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Listed by: Theja Venkatesan • Teamvelu
Mls Name: NTREIS
Mls ID: #21043452
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.