Overview

Description

This modern 5-bedroom, 3-bathroom home in Lavon, TX offers 2,100 sq. ft. of living space and was newly built in 2023. Purchased in April 2023 and leased since May 2023, the property is already income-producing with a monthly rent of $3,780, where utilities are paid by the landlord. With property taxes of $835.26, insurance of $108.08, HOA fees of $62.50, and property management fees of $189, the home is well-maintained and structured for stable cash flow.

The net operating income stands at $2,585.16, making this a strong investment opportunity from day one. Priced at $390,000, the property provides excellent rental returns and the added benefit of a rental income guaranty, ensuring consistent performance for real estate investors.

Features & Aminities

Floor Plan