McCormick Plan, The Grove at Lakewood Ranch West, Temple, TX, 76502 | 5.63% Rental Yield

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McCormick Plan, The Grove at Lakewood Ranch West, Temple, TX, 76502 | 5.63% Rental Yield | Ziffy

For Sale

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Temple at McCormick Plan, The Grove at Lakewood Ranch West, Temple, TX, 76502 priced at $725,000 pairs $3,400/mo rent with after a $3,549/mo payment. Total monthly income equals $3,400/mo. Return on cash invested is 11.23% in year one, and rental yield stands at 5.63% on a $725,000 basis. Equity gained on principal adds $4,678/yr, and 5% annual appreciation accumulates to $200,304 by year five. Five-year ROI measures 57.46% and total cumulative return in cash reaches $137,057. For financing, Ziffy Mortgage’s DSCR program evaluates $3,400/mo property income against a $3,549/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The McCormick is one of our newer floor plans, featured only in our Enclave series in the latest phase of our Grove at Lakewood Ranch community. This two-story plan features four bedrooms and four bathrooms across 3,188 square feet of living space, with the study or dining off the entryway. Bedrooms one, two, and three are on the main floor, while the fourth bedroom can be found on the second floor, along with the fourth bathroom and a loft space. The kitchen features stainless steel appliances, a deluxe kitchen island, and plenty of counter space and storage. The primary suite has a luxurious walk-in closet, a private water closet, and dual vanity sinks. Unwind with a free-standing soaking tub or beautiful frameless glass shower. This floor plan also has a three-car garage. Plan variations include a study or a formal dining room and an exterior fireplace.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76502, Temple, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,696 (100%)
Owner Occupied HU	13,995 (61.7%)
Renter Occupied HU	7,260 (32.0%)
Vacant Housing Units	1,441 ( 6.3%)
Median Home Value	$302,329
Average Home Value	$330,680