Mykonos Plan, ElevonLavonTX75166
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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 Lavon at Mykonos Plan, Elevon, Lavon, TX, 75166 uses $186,839 cash to close to unlock $33,554/yr annual cash flow and $2,796/mo monthly cash flow. Total monthly income runs $6,835/mo, and a $2,780/mo payment keeps the spread at $2,796/mo. Purchase price stands at $567,900, and rental yield measures 14.44% with $6,835/mo rent. Return on cash invested shows 38.02% in year one, and 5% annual appreciation builds toward $156,900 over five years. Five-year ROI reaches 201.16% and total cumulative return in cash records $375,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,835/mo property income covering a $2,780/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75166, Lavon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,942 (100%) |
| Owner Occupied HU | 3,366 (85.4%) |
| Renter Occupied HU | 259 ( 6.6%) |
| Vacant Housing Units | 317 ( 8.0%) |
| Median Home Value | $503,425 |
| Average Home Value | $530,001 |
Housing Distribution
Address Breakdown
Residential
3,167
Single Family
3,167
Multi-Family
0
Businesses
134
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