840 Lake RdGordonvilleTX76245
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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 Gordonville at 840 Lake Rd, Gordonville, TX, 76245 offers $2,278/mo rent that, after a $1,233/mo payment, leaves $486/mo cash flow. Total monthly income is $2,278/mo, and annual cash flow is $5,837/yr on $83,538 cash. Return on cash invested measures 26.9% in year one, and rental yield stands at 10.85% at a $252,000 entry. Equity gained on principal adds $1,626/yr while 5% annual appreciation compounds into $69,623 by year five. Five-year ROI records 141.55% and total cumulative return in cash reaches $118,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,278/mo property income versus a $1,233/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76245, Gordonville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,557 (100%) |
| Owner Occupied HU | 831 (53.4%) |
| Renter Occupied HU | 130 ( 8.3%) |
| Vacant Housing Units | 596 (38.3%) |
| Median Home Value | $251,500 |
| Average Home Value | $307,644 |
Housing Distribution
Address Breakdown
Residential
1,269
Single Family
1,269
Multi-Family
0
Businesses
51
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Listed by: Missy Laughlin • Real Estate Shoppe TX, LLC
Mls Name: NTREIS
Mls ID: #20951213
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.