1002 Tippit LnGreenvilleTX75402
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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 Greenville at 1002 Tippit Ln, Greenville, TX, 75402 generates $2,393/mo in rent and, after a $1,322/mo payment, leaves $299/mo in cash flow. Total monthly income is $2,393/mo, and annual cash flow is $3,582/yr on $89,505 invested. Return on cash invested sits at 23.91% in year one, and rental yield is 10.64% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 126.38% and total cumulative return in cash sums $113,113. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,393/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
5,837 sqft lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75402, Greenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,540 (100%) |
| Owner Occupied HU | 5,949 (62.4%) |
| Renter Occupied HU | 2,880 (30.2%) |
| Vacant Housing Units | 711 ( 7.5%) |
| Median Home Value | $277,345 |
| Average Home Value | $330,083 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
7,519
Multi-Family
1,419
Businesses
709
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Listed by: Priscilla Derrington • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20814661
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.