122 Cherry LnBurkevilleTX75932
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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 Burkeville at 122 Cherry Ln, Burkeville, TX, 75932 priced at $599,000 converts $1,801/mo rent into after a $2,932/mo obligation. Total monthly income equals $1,801/mo. Return on cash invested prints 5.09% in year one, and rental yield reads 3.61% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 24.57% and total cumulative return in cash sums $48,418. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,801/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75932, Burkeville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,258 (100%) |
| Owner Occupied HU | 606 (48.2%) |
| Renter Occupied HU | 71 ( 5.6%) |
| Vacant Housing Units | 581 (46.2%) |
| Median Home Value | $155,000 |
| Average Home Value | $175,825 |
Housing Distribution
Address Breakdown
Residential
752
Single Family
752
Multi-Family
0
Businesses
51
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Listed by: Melda Bartholdi • Waterfront Toledo Bend
Mls Name: LAR
Mls Provider:
Mls ID: #5104432
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.