109 Drexel StPalestineTX75803
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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 109 Drexel St, Palestine, TX, 75803 priced at $129,500 converts $1,021/mo rent into $63/mo cash flow after a $634/mo obligation. Total monthly income equals $1,021/mo, and annual cash flow totals $758/yr on $42,929 invested. Return on cash invested prints 21.67% in year one, and rental yield reads 9.46% against a $129,500 entry. Equity gained on principal adds $836/yr, while 5% annual appreciation compiles into $35,778 by year five. Five-year ROI reaches 114.02% and total cumulative return in cash sums $48,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,021/mo property income covering a $634/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75803, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,231 (100%) |
| Owner Occupied HU | 4,883 (67.5%) |
| Renter Occupied HU | 1,564 (21.6%) |
| Vacant Housing Units | 784 (10.8%) |
| Median Home Value | $218,045 |
| Average Home Value | $243,064 |
Housing Distribution
Address Breakdown
Residential
6,846
Single Family
6,602
Multi-Family
244
Businesses
114
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