850 Smokey Oak StLancasterTX75146
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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 Lancaster at 850 Smokey Oak St, Lancaster, TX, 75146 priced at $342,000 converts $3,400/mo rent into $631/mo cash flow after a $1,674/mo obligation. Total monthly income equals $3,400/mo, and annual cash flow totals $7,576/yr on $113,373 invested. Return on cash invested prints 26.59% in year one, and rental yield reads 11.93% against a $342,000 entry. Equity gained on principal adds $2,207/yr, while 5% annual appreciation compiles into $94,488 by year five. Five-year ROI reaches 141.21% and total cumulative return in cash sums $160,090. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,400/mo property income covering a $1,674/mo payment, not borrower’s personal income.
Single Family
Built in 2006
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75146, Lancaster, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,226 (100%) |
| Owner Occupied HU | 5,320 (64.7%) |
| Renter Occupied HU | 2,461 (29.9%) |
| Vacant Housing Units | 445 ( 5.4%) |
| Median Home Value | $277,990 |
| Average Home Value | $308,158 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
7,427
Multi-Family
1,201
Businesses
645
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Listed by: Crystal Solensky • Keller Williams Realty DPR
Mls Name: NTREIS
Mls ID: #20998554
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.