118 Palomino Bend DrNewarkTX76071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newark at 118 Palomino Bend Dr, Newark, TX, 76071 at $261,000 posts ROI 24.71% with $346/mo cash flow from $2,202/mo rent. Total monthly income equals $2,202/mo, and annual cash flow records $4,157/yr on $86,522 to close. Return on cash invested measures 24.71% and rental yield reads 10.12% at the current $261,000. Equity gained on principal adds $1,684/yr, and 5% annual appreciation supports $72,109 by year five. Five-year ROI prints 129.84% and total cumulative return in cash totals $112,339.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,202/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Housing Distribution
Address Breakdown
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
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