904 Salvation DrLucasTX75098
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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 Lucas at 904 Salvation Dr, Lucas, TX, 75098 offers a 8.76% rental yield on a $627,000 purchase with $4,577/mo rent. Total monthly income registers $4,577/mo, and a $3,069/mo payment leaves $118/mo available for distribution. Annual cash flow reaches $1,418/yr on $206,283 to close, and return on cash invested stands at 20.75% in year one. Equity gained on principal adds $4,046/yr while 5% annual appreciation supports $173,229 over five years. Portfolio math shows five-year ROI at 108.54% and total cumulative return in cash at $223,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,577/mo property income against a $3,069/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,490 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75098, Wylie, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,342 (100%) |
| Owner Occupied HU | 20,222 (79.8%) |
| Renter Occupied HU | 4,520 (17.8%) |
| Vacant Housing Units | 600 ( 2.4%) |
| Median Home Value | $465,315 |
| Average Home Value | $527,786 |
Housing Distribution
Address Breakdown
Residential
24,598
Single Family
21,952
Multi-Family
2,646
Businesses
1,460
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