1208 Independence DrLongviewTX75604
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 Longview at 1208 Independence Dr, Longview, TX, 75604 offers a 19.22% rental yield on a $198,120 purchase with $3,174/mo rent. Total monthly income registers $3,174/mo, and a $970/mo payment leaves $1,765/mo available for distribution. Annual cash flow reaches $21,178/yr on $65,677 to close, and return on cash invested stands at 52.15% in year one. Equity gained on principal adds $1,278/yr while 5% annual appreciation supports $54,737 over five years. Portfolio math shows five-year ROI at 276.96% and total cumulative return in cash at $181,902. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,174/mo property income against a $970/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
