120 County Road 1539MorganTX76671
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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 Morgan at 120 County Road 1539, Morgan, TX, 76671 generates $2,447/mo in rent, after a $2,325/mo payment. Total monthly income is $2,447/mo. Return on cash invested sits at 12.81% in year one, and rental yield is 6.18% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 66.03% and total cumulative return in cash sums $103,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,447/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
1.14 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
25
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Listed by: Karen Emery • City Real Estate
Mls Name: NTREIS
Mls ID: #20740795
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.