840 Potomac DrLancasterTX75134
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
Rental property for sale in Lancaster at 840 Potomac Dr, Lancaster, TX, 75134 priced at $235,000 pairs $2,220/mo rent with $501/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,220/mo, and annual cash flow comes to $6,016/yr on $77,903 invested. Return on cash invested is 27.63% in year one, and rental yield stands at 11.34% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 145.77% and total cumulative return in cash reaches $113,560. For financing, Ziffy Mortgage’s DSCR program evaluates $2,220/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1984
3,833 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75134, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,830 (100%) |
| Owner Occupied HU | 4,566 (58.3%) |
| Renter Occupied HU | 2,789 (35.6%) |
| Vacant Housing Units | 475 ( 6.1%) |
| Median Home Value | $275,768 |
| Average Home Value | $313,462 |
Housing Distribution
Address Breakdown
Residential
7,055
Single Family
6,308
Multi-Family
747
Businesses
266
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-10 | Listed for sale | $235,000 |
| 2013-05-22 | Listing removed | $900 |
| 2013-04-22 | Price change | $900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | $4473.59 | N/A | $189,390 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1984
- Architectural Style: Contemporary/Modern
- Building Area: N/A
- Living Area: 1,289 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Attic Fan, Central Air, Ceiling Fan(s), Electric
- Flooring: Luxury Vinyl, Luxury VinylPlank
- Interior Features: Chandelier, Decorative/Designer Lighting Fixtures, Open Floorplan, Vaulted Ceiling(s)
- Exterior Features: N/A
- Parking Features: No Garage
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Sewer Available, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Belt Line
- Middle School: Lancaster
- High School: Lancaster
Listed by: Renae Goines • Redfin Corporation
Mls Name: NTREIS
Mls ID: #20812767
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.