815 Lucas DrAthensTX75751
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Athens at 815 Lucas Dr, Athens, TX, 75751 uses $110,721 cash to close to unlock $12,416/yr annual cash flow and $1,035/mo monthly cash flow. Total monthly income runs $3,410/mo, and a $1,635/mo payment keeps the spread at $1,035/mo. Purchase price stands at $334,000, and rental yield measures 12.25% with $3,410/mo rent. Return on cash invested shows 31.12% in year one, and 5% annual appreciation builds toward $92,278 over five years. Five-year ROI reaches 164.19% and total cumulative return in cash records $181,794. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,410/mo property income covering a $1,635/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75751, Athens, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,751 (100%) |
| Owner Occupied HU | 4,285 (55.3%) |
| Renter Occupied HU | 2,561 (33.0%) |
| Vacant Housing Units | 905 (11.7%) |
| Median Home Value | $214,619 |
| Average Home Value | $252,928 |
Housing Distribution
Address Breakdown
Residential
6,963
Single Family
6,143
Multi-Family
820
Businesses
1,077
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christi Earley • S.E.T. Real Estate
Mls Name: NTREIS
Mls ID: #20704590
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.