120 Chestnut Gate DrWillisTX77378
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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 Willis at 120 Chestnut Gate Dr, Willis, TX, 77378 offers $3,000/mo rent that, after a $1,370/mo payment, leaves $960/mo cash flow. Total monthly income is $3,000/mo, and annual cash flow is $11,517/yr on $92,764 cash. Return on cash invested measures 32.32% in year one, and rental yield stands at 12.86% at a $279,830 entry. Equity gained on principal adds $1,806/yr while 5% annual appreciation compounds into $77,312 by year five. Five-year ROI records 170.88% and total cumulative return in cash reaches $158,511. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,000/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,400 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77378, Willis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,317 (100%) |
| Owner Occupied HU | 5,263 (71.9%) |
| Renter Occupied HU | 1,615 (22.1%) |
| Vacant Housing Units | 439 ( 6.0%) |
| Median Home Value | $241,863 |
| Average Home Value | $310,531 |
Housing Distribution
Address Breakdown
Residential
7,155
Single Family
7,154
Multi-Family
1
Businesses
486
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Listed by: Jimmy Franklin • Pulte Homes
Mls Name: HAR
Mls Provider:
Mls ID: #88202046
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