6760 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
Investment property for sale in Lumberton at 6760 Palace Dr, Lumberton, TX, 77657 uses $165,419 cash to close to unlock $311/yr annual cash flow and $26/mo monthly cash flow. Total monthly income runs $3,596/mo, and a $2,442/mo payment keeps the spread at $26/mo. Purchase price stands at $499,000, and rental yield measures 8.65% with $3,596/mo rent. Return on cash invested shows 20.1% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 105.1% and total cumulative return in cash records $173,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,596/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.27 Acres lot
$N/A/sqft
$22 monthly 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: Kristin Hampton • RE/MAX ONE
Mls Name: HAR
Mls Provider:
Mls ID: #13112495
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