6575 Boone LnLumbertonTX77657
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
Investment property for sale in Lumberton at 6575 Boone Ln, Lumberton, TX, 77657 earns $29/mo cash flow from $1,985/mo rent with a $1,346/mo payment. Total monthly income totals $1,985/mo, and annual cash flow totals $353/yr on $91,163 capital. ROI tracks 20.3% on current figures, and rental yield reads 8.66% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 106.15% and total cumulative return in cash sums $96,767. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,985/mo property income instead of your personal income.
Single Family
Built in 2003
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77657, Lumberton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,451 (100%) |
| Owner Occupied HU | 6,965 (73.7%) |
| Renter Occupied HU | 1,796 (19.0%) |
| Vacant Housing Units | 690 ( 7.3%) |
| Median Home Value | $254,632 |
| Average Home Value | $284,575 |
Housing Distribution
Address Breakdown
Residential
9,370
Single Family
8,794
Multi-Family
576
Businesses
605
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Listed by: Veronica Bourque • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #75302641
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