647 Price DrLewisvilleTX75067
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lewisville at 647 Price Dr, Lewisville, TX, 75067 offers $2,407/mo rent that, after a $1,515/mo payment, leaves $206/mo cash flow. Total monthly income is $2,407/mo, and annual cash flow is $2,471/yr on $102,599 cash. Return on cash invested measures 22.32% in year one, and rental yield stands at 9.33% at a $309,500 entry. Equity gained on principal adds $1,997/yr while 5% annual appreciation compounds into $85,509 by year five. Five-year ROI records 116.95% and total cumulative return in cash reaches $119,994. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,407/mo property income versus a $1,515/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
7,143 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75067, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 10,883 (37.3%) |
| Renter Occupied HU | 16,963 (58.1%) |
| Vacant Housing Units | 1,366 ( 4.7%) |
| Median Home Value | $370,654 |
| Average Home Value | $416,106 |
Housing Distribution
Address Breakdown
Residential
28,178
Single Family
13,229
Multi-Family
14,949
Businesses
1,728
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Listed by: Mandy Pickerill • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21048576