122 Berkley DrPalestineTX75801
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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 Palestine at 122 Berkley Dr, Palestine, TX, 75801 uses $98,787 cash to close to unlock $1,841/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $2,273/mo, and a $1,459/mo payment keeps the spread at $153/mo. Purchase price stands at $298,000, and rental yield measures 9.15% with $2,273/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 114.07% and total cumulative return in cash records $112,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,273/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75801, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,555 (100%) |
| Owner Occupied HU | 4,178 (55.3%) |
| Renter Occupied HU | 2,475 (32.8%) |
| Vacant Housing Units | 902 (11.9%) |
| Median Home Value | $182,082 |
| Average Home Value | $242,206 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,456
Multi-Family
817
Businesses
867
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Listed by: Constance Brooker • United Real Estate
Mls Name: HAR
Mls Provider:
Mls ID: #36150383
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