1016 N Carolina AveMidlothianTX76065
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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 Midlothian at 1016 N Carolina Ave, Midlothian, TX, 76065 listed at $329,900 pairs $2,568/mo rent with a $1,615/mo payment to leave $222/mo cash flow. Total monthly income runs $2,568/mo, and annual cash flow reaches $2,661/yr on $109,362 cash to close. Return on cash invested measures 22.34% in year one, and rental yield registers 9.34% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 117.1% and total cumulative return in cash totals $128,067. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,568/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76065, Midlothian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,220 (100%) |
| Owner Occupied HU | 15,180 (79.0%) |
| Renter Occupied HU | 3,250 (16.9%) |
| Vacant Housing Units | 790 ( 4.1%) |
| Median Home Value | $430,364 |
| Average Home Value | $474,199 |
Housing Distribution
Address Breakdown
Residential
17,533
Single Family
16,402
Multi-Family
1,131
Businesses
1,208
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Listed by: Carla Smith • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #21079790