120 Pinkston DrNew LondonTX75684
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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
Investment property for sale in New London at 120 Pinkston Dr, New London, TX, 75684 with 5% annual appreciation on a $275,000 basis while $2,504/mo rent supports operations. Total monthly income totals $2,504/mo and a $1,346/mo payment preserves $548/mo for cash returns. Annual cash flow comes to $6,581/yr on $91,163 deployed, and return on cash invested reaches 27.13% in year one. Equity gained on principal adds $1,775/yr, and five-year appreciation sums $75,977 alongside rental yield of 10.93%. Five-year ROI measures 142.78% and total cumulative return in cash totals $130,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,504/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75684, Overton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,951 (100%) |
| Owner Occupied HU | 1,982 (67.2%) |
| Renter Occupied HU | 578 (19.6%) |
| Vacant Housing Units | 391 (13.2%) |
| Median Home Value | $168,954 |
| Average Home Value | $225,202 |
Housing Distribution
Address Breakdown
Residential
2,616
Single Family
2,616
Multi-Family
0
Businesses
121
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Listed by: Myles G Wise • Texas Real Estate Executives - Longview
Mls Name: LGVBOARD
Mls ID: #20254978