115 Central AveFarmersvilleTX75442
Nearby investment properties with comparable rents
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
Rental property for sale in Farmersville at 115 Central Ave, Farmersville, TX, 75442 priced at $340,000 converts $2,366/mo rent into after a $1,664/mo obligation. Total monthly income equals $2,366/mo. Return on cash invested prints 19.36% in year one, and rental yield reads 8.35% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 101.13% and total cumulative return in cash sums $113,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,366/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1929
1.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristy Neal • JPAR - Addison
Mls Name: NTREIS
Mls ID: #20983233