103 S Merrill StNew BostonTX75570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Boston at 103 S Merrill St, New Boston, TX, 75570 listed at $114,900 pairs $1,019/mo rent with a $562/mo payment to leave $202/mo cash flow. Total monthly income runs $1,019/mo, and annual cash flow reaches $2,428/yr on $38,089 cash to close. Return on cash invested measures 26.28% in year one, and rental yield registers 10.64% at a $114,900 basis. Equity gained on principal adds $741/yr, and annual property appreciation at 5% supports $31,745 by year five. Five-year ROI tracks 138.34% and total cumulative return in cash totals $52,694. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,019/mo property income relative to a $562/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75570, New Boston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,377 (61.0%) |
| Renter Occupied HU | 1,165 (29.9%) |
| Vacant Housing Units | 353 ( 9.1%) |
| Median Home Value | $199,907 |
| Average Home Value | $219,324 |
Housing Distribution
Address Breakdown
Residential
3,675
Single Family
3,585
Multi-Family
90
Businesses
366
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Hanneman • Better Homes & Gardens Real Estate Infinity
Mls Name: TMLS
Mls ID: #117730
Disclaimer: Copyright Texarkana Board of Realtors. Information is deemed reliable but not guaranteed.