1215 S Merrill StNew BostonTX75570
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 Boston at 1215 S Merrill St, New Boston, TX, 75570 offers $975/mo rent that, after a $636/mo payment, leaves $51/mo cash flow. Total monthly income is $975/mo, and annual cash flow is $613/yr on $43,062 cash. Return on cash invested measures 21.33% in year one, and rental yield stands at 9.01% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 111.79% and total cumulative return in cash reaches $48,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $975/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75570, New Boston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,377 (61.0%) |
| Renter Occupied HU | 1,165 (29.9%) |
| Vacant Housing Units | 353 ( 9.1%) |
| Median Home Value | $199,907 |
| Average Home Value | $219,324 |
Housing Distribution
Address Breakdown
Residential
3,675
Single Family
3,585
Multi-Family
90
Businesses
366
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rip England • Rip England Premier Realty LLC
Mls Name: LGVBOARD
Mls ID: #20255414