115 Watlington StCenterTX75935
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
Investment property for sale in Center at 115 Watlington St, Center, TX, 75935 at $172,500 posts ROI 36.65% with $798/mo cash flow from $2,024/mo rent. Total monthly income equals $2,024/mo, and annual cash flow records $9,571/yr on $57,184 to close. Return on cash invested measures 36.65% and rental yield reads 14.08% at the current $172,500. Equity gained on principal adds $1,113/yr, and 5% annual appreciation supports $47,659 by year five. Five-year ROI prints 193.84% and total cumulative return in cash totals $110,846.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,024/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1942
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75935, Center, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,699 (100%) |
| Owner Occupied HU | 3,440 (60.4%) |
| Renter Occupied HU | 1,400 (24.6%) |
| Vacant Housing Units | 859 (15.1%) |
| Median Home Value | $133,578 |
| Average Home Value | $208,467 |
Housing Distribution
Address Breakdown
Residential
5,359
Single Family
5,359
Multi-Family
0
Businesses
753
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Nearby investment properties with comparable prices
Listed by: Tammy R Steptoe • Tammy Steptoe Realty
Mls Name: TAR MLS
Mls ID: #210866
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-13 02:42:48 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.