Lantana Plan, Covenant SpringsSpringtownTX76082
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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 Springtown at Lantana Plan, Covenant Springs, Springtown, TX, 76082 offers $3,838/mo rent that, after a $2,554/mo payment, leaves $127/mo cash flow. Total monthly income is $3,838/mo, and annual cash flow is $1,525/yr on $171,705 cash. Return on cash invested measures 20.95% in year one, and rental yield stands at 8.82% at a $521,900 entry. Equity gained on principal adds $3,368/yr while 5% annual appreciation compounds into $144,191 by year five. Five-year ROI records 109.62% and total cumulative return in cash reaches $188,215. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,838/mo property income versus a $2,554/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76082, Springtown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,102 (100%) |
| Owner Occupied HU | 7,143 (78.5%) |
| Renter Occupied HU | 1,423 (15.6%) |
| Vacant Housing Units | 536 ( 5.9%) |
| Median Home Value | $347,703 |
| Average Home Value | $447,119 |
Housing Distribution
Address Breakdown
Residential
9,245
Single Family
9,186
Multi-Family
59
Businesses
598
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Listed by: N/A • Riverside Homebuilders
Mls Name: Riverside Homebuilders
Mls Provider:
Mls ID: #N/A