6795 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 6795 Palace Dr, Lumberton, TX, 77657 offers a 9.3% rental yield on a $439,900 purchase with $3,409/mo rent. Total monthly income registers $3,409/mo, and a $2,153/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,107/yr on $145,827 to close, and return on cash invested stands at 22.04% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,536 over five years. Portfolio math shows five-year ROI at 115.54% and total cumulative return in cash at $168,483. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,409/mo property income against a $2,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.32 Acres lot
$N/A/sqft
$264 annually 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: Dayna Simmons • Dayna Simmons Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #76197618
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