11050 Oak StNew LondonTX75684
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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 New London at 11050 Oak St, New London, TX, 75684 uses $61,328 cash to close to unlock $4,595/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $1,698/mo, and a $905/mo payment keeps the spread at $383/mo. Purchase price stands at $185,000, and rental yield measures 11.01% with $1,698/mo rent. Return on cash invested shows 27.4% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 144.21% and total cumulative return in cash records $88,443. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,698/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75684, Overton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,951 (100%) |
| Owner Occupied HU | 1,982 (67.2%) |
| Renter Occupied HU | 578 (19.6%) |
| Vacant Housing Units | 391 (13.2%) |
| Median Home Value | $168,954 |
| Average Home Value | $225,202 |
Housing Distribution
Address Breakdown
Residential
2,616
Single Family
2,616
Multi-Family
0
Businesses
121
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Listed by: Sarah C Crawford • East Texas Preferred Properties, LLC - Kilgore
Mls Name: LGVBOARD
Mls ID: #20257149