723 Cherish Day DrLavonTX75166
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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 Lavon at 723 Cherish Day Dr, Lavon, TX, 75166 uses $99,085 cash to close to unlock $6,744/yr annual cash flow and $562/mo monthly cash flow. Total monthly income runs $2,989/mo, and a $1,463/mo payment keeps the spread at $562/mo. Purchase price stands at $298,900, and rental yield measures 12% with $2,989/mo rent. Return on cash invested shows 26.71% in year one, and 5% annual appreciation builds toward $82,581 over five years. Five-year ROI reaches 141.87% and total cumulative return in cash records $140,571. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
$155 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75166, Lavon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,942 (100%) |
| Owner Occupied HU | 3,366 (85.4%) |
| Renter Occupied HU | 259 ( 6.6%) |
| Vacant Housing Units | 317 ( 8.0%) |
| Median Home Value | $503,425 |
| Average Home Value | $530,001 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,167
Multi-Family
0
Businesses
134
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Listed by: Alison Odom • Olive Street Realty
Mls Name: NTREIS
Mls ID: #20769562
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.