112 Bovine DrNewarkTX76071
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Nearby investment properties with comparable prices
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 Newark at 112 Bovine Dr, Newark, TX, 76071 uses $94,478 cash to close to unlock $5,631/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $2,496/mo, and a $1,395/mo payment keeps the spread at $469/mo. Purchase price stands at $285,000, and rental yield measures 10.51% with $2,496/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 136.04% and total cumulative return in cash records $128,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,496/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2020
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Housing Distribution
Address Breakdown
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
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