1022 High Meadow DrMount VernonTX75457
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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 Vernon at 1022 High Meadow Dr, Mount Vernon, TX, 75457 at $674,000 posts ROI 17.11% with from $4,247/mo rent. Total monthly income equals $4,247/mo. Return on cash invested measures 17.11% and rental yield reads 7.56% at the current $674,000. Equity gained on principal adds $4,349/yr, and 5% annual appreciation supports $186,214 by year five. Five-year ROI prints 88.99% and total cumulative return in cash totals $197,329. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,247/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75457, Mount Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,078 (100%) |
| Owner Occupied HU | 1,841 (59.8%) |
| Renter Occupied HU | 667 (21.7%) |
| Vacant Housing Units | 570 (18.5%) |
| Median Home Value | $287,695 |
| Average Home Value | $355,964 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
292
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Listed by: Kim Huffstetler • Ebby Halliday, REALTORS - Tyler
Mls Name: GTARMLS
Mls ID: #25003435