106 Joe Burl LnLongviewTX75603
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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 Longview at 106 Joe Burl Ln, Longview, TX, 75603 priced at $142,400 converts $1,088/mo rent into $75/mo cash flow after a $697/mo obligation. Total monthly income equals $1,088/mo, and annual cash flow totals $904/yr on $47,206 invested. Return on cash invested prints 21.82% in year one, and rental yield reads 9.17% against a $142,400 entry. Equity gained on principal adds $919/yr, while 5% annual appreciation compiles into $39,342 by year five. Five-year ROI reaches 114.38% and total cumulative return in cash sums $53,996. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,088/mo property income covering a $697/mo payment, not borrower’s personal income.
Single Family
Built in 2007
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75603, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,094 (72.5%) |
| Renter Occupied HU | 375 (13.0%) |
| Vacant Housing Units | 420 (14.5%) |
| Median Home Value | $259,846 |
| Average Home Value | $278,822 |
Housing Distribution
Address Breakdown
Residential
2,670
Single Family
2,549
Multi-Family
121
Businesses
200
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