1004 N Cates StDecaturTX76234
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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 Decatur at 1004 N Cates St, Decatur, TX, 76234 offers a 9.11% rental yield on a $296,500 purchase with $2,251/mo rent. Total monthly income registers $2,251/mo, and a $1,451/mo payment leaves $143/mo available for distribution. Annual cash flow reaches $1,713/yr on $98,290 to close, and return on cash invested stands at 21.65% in year one. Equity gained on principal adds $1,913/yr while 5% annual appreciation supports $81,917 over five years. Portfolio math shows five-year ROI at 113.4% and total cumulative return in cash at $111,461. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,251/mo property income against a $1,451/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76234, Decatur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,060 (100%) |
| Owner Occupied HU | 5,721 (71.0%) |
| Renter Occupied HU | 1,737 (21.6%) |
| Vacant Housing Units | 602 ( 7.5%) |
| Median Home Value | $402,786 |
| Average Home Value | $464,320 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,756
Multi-Family
318
Businesses
1,018
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Listed by: Shiloh Hambrick • Parker Properties Real Estate
Mls Name: NTREIS
Mls ID: #20713222
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.