923 W Lake DrHamlinTX79520
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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 Hamlin at 923 W Lake Dr, Hamlin, TX, 79520 listed at $535,000 pairs $1,086/mo rent with a $2,619/mo payment. Total monthly income runs $1,086/mo. Return on cash invested measures 1.52% in year one, and rental yield registers 2.44% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 5.46% and total cumulative return in cash totals $9,604. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,086/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79520, Hamlin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,160 (100%) |
| Owner Occupied HU | 638 (55.0%) |
| Renter Occupied HU | 201 (17.3%) |
| Vacant Housing Units | 321 (27.7%) |
| Median Home Value | $62,703 |
| Average Home Value | $94,126 |
Housing Distribution
Address Breakdown
Residential
909
Single Family
909
Multi-Family
0
Businesses
133
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Listed by: Daniel Byerly • EKDAHL REAL ESTATE
Mls Name: NTREIS
Mls ID: #20710940
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.