116 Iowa PlVanTX75790
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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 Van at 116 Iowa Pl, Van, TX, 75790 uses $46,410 cash to close to unlock $11,312/yr annual cash flow and $943/mo monthly cash flow. Total monthly income runs $1,938/mo, and a $685/mo payment keeps the spread at $943/mo. Purchase price stands at $140,000, and rental yield measures 16.61% with $1,938/mo rent. Return on cash invested shows 44.28% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 234.8% and total cumulative return in cash records $108,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75790, Van, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,929 (100%) |
| Owner Occupied HU | 1,289 (66.8%) |
| Renter Occupied HU | 454 (23.5%) |
| Vacant Housing Units | 186 ( 9.6%) |
| Median Home Value | $211,752 |
| Average Home Value | $270,403 |
Housing Distribution
Address Breakdown
Residential
1,495
Single Family
1,495
Multi-Family
0
Businesses
235
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Listed by: Sheila Peoples • Coldwell Banker Anderson Realt
Mls Name: NTREIS
Mls ID: #20574087
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.