690 N Barbee StLoveladyTX75851
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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 Lovelady at 690 N Barbee St, Lovelady, TX, 75851 priced at $294,900 converts $2,120/mo rent into $23/mo cash flow after a $1,443/mo obligation. Total monthly income equals $2,120/mo, and annual cash flow totals $280/yr on $97,759 invested. Return on cash invested prints 20.2% in year one, and rental yield reads 8.63% against a $294,900 entry. Equity gained on principal adds $1,903/yr, while 5% annual appreciation compiles into $81,475 by year five. Five-year ROI reaches 105.61% and total cumulative return in cash sums $103,243. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,120/mo property income covering a $1,443/mo payment, not borrower’s personal income.
Single Family
Built in 1989
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75851, Lovelady, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,281 (100%) |
| Owner Occupied HU | 694 (54.2%) |
| Renter Occupied HU | 214 (16.7%) |
| Vacant Housing Units | 373 (29.1%) |
| Median Home Value | $189,091 |
| Average Home Value | $262,399 |
Housing Distribution
Address Breakdown
Residential
923
Single Family
923
Multi-Family
0
Businesses
57
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