6630 Palace DrLumbertonTX77657
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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 Lumberton at 6630 Palace Dr, Lumberton, TX, 77657 generates $1,908/mo in rent and, after a $1,312/mo payment, leaves $2/mo in cash flow. Total monthly income is $1,908/mo, and annual cash flow is $23/yr on $88,842 invested. Return on cash invested sits at 19.94% in year one, and rental yield is 8.54% on a $268,000 entry. Equity gained on principal adds $1,729/yr, while 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 104.18% and total cumulative return in cash sums $92,553. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,908/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
6,185 sqft 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: David Tyer • Tyer Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #55251032
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