LOT 15 Legacy Oaks DrHarperTX78631
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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 Harper at LOT 15 Legacy Oaks Dr, Harper, TX, 78631 priced at $323,000 converts $1,289/mo rent into after a $1,581/mo obligation. Total monthly income equals $1,289/mo. Return on cash invested prints 8.61% in year one, and rental yield reads 4.79% against a $323,000 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation compiles into $89,239 by year five. Five-year ROI reaches 43.51% and total cumulative return in cash sums $46,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,289/mo property income covering a $1,581/mo payment, not borrower’s personal income.
Single Family
Built in N/A
18.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78631, Harper, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,332 (100%) |
| Owner Occupied HU | 903 (67.8%) |
| Renter Occupied HU | 172 (12.9%) |
| Vacant Housing Units | 257 (19.3%) |
| Median Home Value | $513,281 |
| Average Home Value | $716,938 |
Housing Distribution
Address Breakdown
Residential
1,145
Single Family
1,145
Multi-Family
0
Businesses
80
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