117&111 Private Road 1315, Morgan, TX, 76671 | Equity Gain $1,607/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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117&111 Private Road 1315, Morgan, TX, 76671 | Equity Gain $1,607/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Morgan at 117&111 Private Road 1315, Morgan, TX, 76671 listed at $249,000 pairs $0/mo rent with a $1,219/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.84% in year one, and rental yield registers 0% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1970

0.90 Acres lot

$N/A/sqft

No HOA

More details about the property

LAKE VIEW AND LAKE ACCESS! A one of a kind property on Lake Whitney of two combined lots unlike anything on the market with a trail included that leads to a rock beach to the water. Two houses and a shop on the property. The one bed one bath lake house is a good shape that could use a few updates or could be move in ready! The second floor of the shop is an incomplete remodel and the bottom floor is a nice garage! This is a one of a kind property that is surrounded by core land on two sides and water on the other!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76671, Morgan, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,210 (100%)
Owner Occupied HU	753 (62.2%)
Renter Occupied HU	111 ( 9.2%)
Vacant Housing Units	346 (28.6%)
Median Home Value	$305,975
Average Home Value	$363,463