1310 Spur 324Tennessee ColonyTX75861
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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 Tennessee Colony at 1310 Spur 324, Tennessee Colony, TX, 75861 listed at $190,000 pairs $2,135/mo rent with a $930/mo payment to leave $737/mo cash flow. Total monthly income runs $2,135/mo, and annual cash flow reaches $8,842/yr on $62,985 cash to close. Return on cash invested measures 33.95% in year one, and rental yield registers 13.48% at a $190,000 basis. Equity gained on principal adds $1,226/yr, and annual property appreciation at 5% supports $52,494 by year five. Five-year ROI tracks 179.66% and total cumulative return in cash totals $113,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,135/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75861, Tennessee Colony, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 959 (100%) |
| Owner Occupied HU | 491 (51.2%) |
| Renter Occupied HU | 174 (18.1%) |
| Vacant Housing Units | 294 (30.7%) |
| Median Home Value | $231,767 |
| Average Home Value | $265,987 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
608
Multi-Family
0
Businesses
37
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Listed by: Bo Sharp • Premier Realty LLC.
Mls Name: Palestine AOR
Mls ID: #100687
Disclaimer: Copyright Palestine Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.