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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lott at 706 E Gassaway Ave, Lott, TX, 76656 offers a 10.38% rental yield on a $154,000 purchase with $1,332/mo rent. Total monthly income registers $1,332/mo, and a $754/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,840/yr on $51,051 to close, and return on cash invested stands at 25.47% in year one. Equity gained on principal adds $994/yr while 5% annual appreciation supports $42,547 over five years. Portfolio math shows five-year ROI at 133.94% and total cumulative return in cash at $68,378. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,332/mo property income against a $754/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76656, Lott, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,147 (100%) |
| Owner Occupied HU | 771 (67.2%) |
| Renter Occupied HU | 177 (15.4%) |
| Vacant Housing Units | 199 (17.3%) |
| Median Home Value | $188,056 |
| Average Home Value | $246,722 |
Residential
915
Single Family
915
Multi-Family
0
Businesses
71
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $154,000 |
| 2024-10-02 | Listing removed | $145,000 |
| 2024-09-23 | Price change | $145,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $346.39 | 5.30% | $29,455 | 10.00% |
| 2023-04-01 | $328.96 | 9.08% | $26,777 | 10.00% |
| 2022-04-01 | $301.58 | -5.37% | $24,343 | 10.00% |
Listed by: Brooke Boiles • House of Homes
Mls Name: WMLS
Mls Provider:
Mls ID: #229281
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-03-31 19:55:19 PDT
