1315 Spring StCarthageTX75633
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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 1315 Spring St, Carthage, TX, 75633 generates $1,662/mo in rent, after a $2,100/mo payment. Total monthly income is $1,662/mo. Return on cash invested sits at 8.19% in year one, and rental yield is 4.65% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 41.23% and total cumulative return in cash sums $58,633. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,662/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
5 Acres 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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