Palmetto Plan, ElevonLavonTX75166
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lavon at Palmetto Plan, Elevon, Lavon, TX, 75166 generates $4,370/mo in rent and, after a $1,624/mo payment, leaves $2,010/mo in cash flow. Total monthly income is $4,370/mo, and annual cash flow is $24,123/yr on $110,025 invested. Return on cash invested sits at 41.83% in year one, and rental yield is 15.8% on a $331,900 entry. Equity gained on principal adds $2,142/yr, while 5% annual appreciation builds toward $91,698 over five years. Five-year ROI reaches 221.65% and total cumulative return in cash sums $243,871. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,370/mo property income rather than buyer’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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