108 Glenhaven RdPalestineTX75801
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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 Palestine at 108 Glenhaven Rd, Palestine, TX, 75801 priced at $293,000 converts $2,602/mo rent into $519/mo cash flow after a $1,434/mo obligation. Total monthly income equals $2,602/mo, and annual cash flow totals $6,222/yr on $97,130 invested. Return on cash invested prints 26.31% in year one, and rental yield reads 10.66% against a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation compiles into $80,951 by year five. Five-year ROI reaches 138.42% and total cumulative return in cash sums $134,446. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,602/mo property income covering a $1,434/mo payment, not borrower’s personal income.
Single Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75801, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,555 (100%) |
| Owner Occupied HU | 4,178 (55.3%) |
| Renter Occupied HU | 2,475 (32.8%) |
| Vacant Housing Units | 902 (11.9%) |
| Median Home Value | $182,082 |
| Average Home Value | $242,206 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,456
Multi-Family
817
Businesses
867
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