802 Lake Shore DrLewisvilleTX75057
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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 Lewisville at 802 Lake Shore Dr, Lewisville, TX, 75057 uses $92,489 cash to close to unlock $6,499/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $2,526/mo, and a $1,366/mo payment keeps the spread at $542/mo. Purchase price stands at $279,000, and rental yield measures 10.86% with $2,526/mo rent. Return on cash invested shows 26.94% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 141.75% and total cumulative return in cash records $131,107. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,526/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1962
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75057, Lewisville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,936 (100%) |
| Owner Occupied HU | 1,833 (23.1%) |
| Renter Occupied HU | 5,368 (67.6%) |
| Vacant Housing Units | 735 ( 9.3%) |
| Median Home Value | $302,908 |
| Average Home Value | $298,722 |
Housing Distribution
Address Breakdown
Residential
7,041
Single Family
3,041
Multi-Family
4,000
Businesses
1,187
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Listed by: Mikel Porter • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20898757
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.