121 SumaQuitmanTX75783
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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 Quitman at 121 Suma, Quitman, TX, 75783 with 5% annual appreciation on a $140,000 basis while $1,310/mo rent supports operations. Total monthly income totals $1,310/mo and a $685/mo payment preserves $265/mo for cash returns. Annual cash flow comes to $3,176/yr on $46,410 deployed, and return on cash invested reaches 26.75% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 11.23%. Five-year ROI measures 141.22% and total cumulative return in cash totals $65,542.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,310/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2012
0.38 Acres lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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Listed by: Brenda Stone • CENTURY 21 Lake Country-Quitmn
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24009692
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