Newlin Plan, Summerside: Watermill Collection, Lockhart, TX, 78644 | $155/mo Cash Flow

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Newlin Plan, Summerside: Watermill Collection, Lockhart, TX, 78644 | $155/mo Cash Flow | 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 Lockhart at Newlin Plan, Summerside: Watermill Collection, Lockhart, TX, 78644 priced at $281,990 pairs $2,160/mo rent with $155/mo cash flow after a $1,380/mo payment. Total monthly income equals $2,160/mo, and annual cash flow comes to $1,859/yr on $93,480 invested. Return on cash invested is 21.9% in year one, and rental yield stands at 9.19% on a $281,990 basis. Equity gained on principal adds $1,820/yr, and 5% annual appreciation accumulates to $77,909 by year five. Five-year ROI measures 114.72% and total cumulative return in cash reaches $107,241. For financing, Ziffy Mortgage’s DSCR program evaluates $2,160/mo property income against a $1,380/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

This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner's suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78644, Lockhart, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,724 (100%)
Owner Occupied HU	5,615 (64.4%)
Renter Occupied HU	2,384 (27.3%)
Vacant Housing Units	725 ( 8.3%)
Median Home Value	$234,543
Average Home Value	$282,891