121 S Main StNew HomeTX79381
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
Rental property for sale in New Home at 121 S Main St, New Home, TX, 79381 offers $1,759/mo rent that, after a $1,273/mo payment. Total monthly income is $1,759/mo. Return on cash invested measures 16.41% in year one, and rental yield stands at 8.12% at a $260,000 entry. Equity gained on principal adds $1,678/yr while 5% annual appreciation compounds into $71,833 by year five. Five-year ROI records 86.1% and total cumulative return in cash reaches $74,213. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,759/mo property income versus a $1,273/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79381, Wilson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 583 (100%) |
| Owner Occupied HU | 414 (71.0%) |
| Renter Occupied HU | 88 (15.1%) |
| Vacant Housing Units | 81 (13.9%) |
| Median Home Value | $275,714 |
| Average Home Value | $352,802 |
Housing Distribution
Address Breakdown
Residential
550
Single Family
550
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sasha Austin • Perched Real Estate Company
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556450
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.