107 Summit StFarmersvilleTX75442
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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 Farmersville at 107 Summit St, Farmersville, TX, 75442 offers a 9.56% rental yield on a $175,000 purchase with $1,394/mo rent. Total monthly income registers $1,394/mo, and a $857/mo payment leaves $149/mo available for distribution. Annual cash flow reaches $1,789/yr on $58,013 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 120.69% and total cumulative return in cash at $70,015. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,394/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75442, Farmersville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,526 (75.2%) |
| Renter Occupied HU | 874 (18.6%) |
| Vacant Housing Units | 291 ( 6.2%) |
| Median Home Value | $433,645 |
| Average Home Value | $465,152 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,629
Multi-Family
195
Businesses
345
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Listed by: Shannon Gladen • Easy Life Realty
Mls Name: NTREIS
Mls ID: #21163767