1216 Cobblestone CtCarthageTX75633
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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 Carthage at 1216 Cobblestone Ct, Carthage, TX, 75633 generates $2,189/mo in rent and, after a $1,322/mo payment, leaves $269/mo in cash flow. Total monthly income is $2,189/mo, and annual cash flow is $3,222/yr on $89,505 invested. Return on cash invested sits at 23.51% in year one, and rental yield is 9.73% on a $269,999 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 123.39% and total cumulative return in cash sums $110,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,189/mo property income rather than buyer’s personal income.
Single Family
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75633, Carthage, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,417 (100%) |
| Owner Occupied HU | 4,150 (64.7%) |
| Renter Occupied HU | 1,292 (20.1%) |
| Vacant Housing Units | 975 (15.2%) |
| Median Home Value | $202,650 |
| Average Home Value | $247,024 |
Housing Distribution
Address Breakdown
Residential
6,281
Single Family
6,052
Multi-Family
229
Businesses
828
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