1015 NW 3rd StMount EnterpriseTX75681
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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 Mount Enterprise at 1015 NW 3rd St, Mount Enterprise, TX, 75681 offers a 9.63% rental yield on a $370,000 purchase with $2,970/mo rent. Total monthly income registers $2,970/mo, and a $1,811/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,066/yr on $122,655 to close, and return on cash invested stands at 23.22% in year one. Equity gained on principal adds $2,388/yr while 5% annual appreciation supports $102,224 over five years. Portfolio math shows five-year ROI at 121.83% and total cumulative return in cash at $149,429. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,970/mo property income against a $1,811/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75681, Mount Enterprise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 977 (71.5%) |
| Renter Occupied HU | 161 (11.8%) |
| Vacant Housing Units | 228 (16.7%) |
| Median Home Value | $194,894 |
| Average Home Value | $253,516 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
89
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Listed by: Ginger Mashburn • RE/MAX Excellence
Mls Name: HAR
Mls ID: #39660551