1202 Newcastle StRoanokeTX76262
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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 Roanoke at 1202 Newcastle St, Roanoke, TX, 76262 priced at $646,000 converts $4,223/mo rent into after a $3,162/mo obligation. Total monthly income equals $4,223/mo. Return on cash invested prints 17.7% in year one, and rental yield reads 7.84% against a $646,000 entry. Equity gained on principal adds $4,169/yr, while 5% annual appreciation compiles into $178,478 by year five. Five-year ROI reaches 92.3% and total cumulative return in cash sums $196,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,223/mo property income covering a $3,162/mo payment, not borrower’s personal income.
Single Family
Built in 2008
9,931 sqft lot
$N/A/sqft
$140 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76262, Roanoke, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,094 (100%) |
| Owner Occupied HU | 11,796 (65.2%) |
| Renter Occupied HU | 5,240 (29.0%) |
| Vacant Housing Units | 1,058 ( 5.8%) |
| Median Home Value | $607,697 |
| Average Home Value | $702,771 |
Housing Distribution
Address Breakdown
Residential
17,546
Single Family
13,611
Multi-Family
3,935
Businesses
1,307
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Listed by: Neven Price • Dalton Wade, Inc.
Mls Name: NTREIS
Mls ID: #20983948
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.