700 Saddlebrook DrLucasTX75002
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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 Lucas at 700 Saddlebrook Dr, Lucas, TX, 75002 generates $4,268/mo in rent, after a $5,871/mo payment. Total monthly income is $4,268/mo. Return on cash invested sits at 6.99% in year one, and rental yield is 4.27% on a $1,199,500 entry. Equity gained on principal adds $7,740/yr, while 5% annual appreciation builds toward $331,400 over five years. Five-year ROI reaches 34.8% and total cumulative return in cash sums $135,238. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,268/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.51 Acres lot
$N/A/sqft
$850 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75002, Allen, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,005 (100%) |
| Owner Occupied HU | 18,826 (75.3%) |
| Renter Occupied HU | 5,504 (22.0%) |
| Vacant Housing Units | 675 ( 2.7%) |
| Median Home Value | $491,377 |
| Average Home Value | $588,591 |
Housing Distribution
Address Breakdown
Residential
24,556
Single Family
21,935
Multi-Family
2,621
Businesses
797
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Listed by: Pam Matlock • Matlock Real Estate Group
Mls Name: NTREIS
Mls ID: #20798207
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.