1002 Parker Hill RdPalmerTX75152
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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 Palmer at 1002 Parker Hill Rd, Palmer, TX, 75152 with 5% annual appreciation on a $515,000 basis while $3,607/mo rent supports operations. 35% in year one. Equity gained on principal adds $3,323/yr, and five-year appreciation sums $142,285 alongside rental yield of 8.4%. Five-year ROI measures 101.14% and total cumulative return in cash totals $171,373. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,607/mo property income versus a $2,521/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1990
1.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75152, Palmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,051 (100%) |
| Owner Occupied HU | 1,608 (78.4%) |
| Renter Occupied HU | 345 (16.8%) |
| Vacant Housing Units | 98 ( 4.8%) |
| Median Home Value | $326,821 |
| Average Home Value | $412,307 |
Housing Distribution
Address Breakdown
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
120
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Listed by: Janie Hendrix • City Real Estate
Mls Name: NTREIS
Mls ID: #20790096
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.