116 Marylee DrHewittTX76643
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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
Rental property for sale in Hewitt at 116 Marylee Dr, Hewitt, TX, 76643 priced at $310,000 converts $2,339/mo rent into $135/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,339/mo, and annual cash flow totals $1,618/yr on $102,765 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 9.05% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 112.49% and total cumulative return in cash sums $115,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,339/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 1984
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76643, Hewitt, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,247 (100%) |
| Owner Occupied HU | 4,500 (72.0%) |
| Renter Occupied HU | 1,579 (25.3%) |
| Vacant Housing Units | 168 ( 2.7%) |
| Median Home Value | $289,685 |
| Average Home Value | $306,717 |
Housing Distribution
Address Breakdown
Residential
6,299
Single Family
5,743
Multi-Family
556
Businesses
518
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