1163 S Runnels StDe KalbTX75559
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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 De Kalb at 1163 S Runnels St, De Kalb, TX, 75559 priced at $229,000 converts $1,708/mo rent into $79/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,708/mo, and annual cash flow totals $953/yr on $75,914 invested. Return on cash invested prints 21.16% in year one, and rental yield reads 8.95% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 110.83% and total cumulative return in cash sums $84,137. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,708/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75559, De Kalb, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,785 (100%) |
| Owner Occupied HU | 1,818 (65.3%) |
| Renter Occupied HU | 555 (19.9%) |
| Vacant Housing Units | 412 (14.8%) |
| Median Home Value | $158,075 |
| Average Home Value | $190,257 |
Housing Distribution
Address Breakdown
Residential
2,440
Single Family
2,414
Multi-Family
26
Businesses
156
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