116 Thompson TrlParadiseTX76073
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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 Paradise at 116 Thompson Trl, Paradise, TX, 76073 generates $1,560/mo in rent, after a $1,904/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 8.68% in year one, and rental yield is 4.81% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 43.86% and total cumulative return in cash sums $56,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Manufactured
Built in 1984
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76073, Paradise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,360 (81.0%) |
| Renter Occupied HU | 374 (12.8%) |
| Vacant Housing Units | 180 ( 6.2%) |
| Median Home Value | $363,609 |
| Average Home Value | $415,214 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,666
Multi-Family
0
Businesses
104
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Listed by: Donna Veale • Briggs Freeman Sotheby's Int'l
Mls Name: NTREIS
Mls ID: #20960358
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.