1028 Rose CtNemoTX76070
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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
Rental property for sale in Nemo at 1028 Rose Ct, Nemo, TX, 76070 priced at $469,500 converts $2,797/mo rent into after a $2,298/mo obligation. Total monthly income equals $2,797/mo. Return on cash invested prints 15.6% in year one, and rental yield reads 7.15% against a $469,500 entry. Equity gained on principal adds $3,030/yr, while 5% annual appreciation compiles into $129,714 by year five. Five-year ROI reaches 81.02% and total cumulative return in cash sums $126,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,797/mo property income covering a $2,298/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.01 Acres lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76070, Nemo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 321 (100%) |
| Owner Occupied HU | 254 (79.1%) |
| Renter Occupied HU | 38 (11.8%) |
| Vacant Housing Units | 29 ( 9.0%) |
| Median Home Value | $328,125 |
| Average Home Value | $372,923 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
15
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Listed by: Albert Ramirez • Cates & Company
Mls Name: NTREIS
Mls ID: #20773150
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