1317 County Road 3118QuitmanTX75783
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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 Quitman at 1317 County Road 3118, Quitman, TX, 75783 generates $982/mo in rent and, after a $612/mo payment, leaves $93/mo in cash flow. Total monthly income is $982/mo, and annual cash flow is $1,115/yr on $41,438 invested. Return on cash invested sits at 22.6% in year one, and rental yield is 9.43% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 118.48% and total cumulative return in cash sums $49,097. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $982/mo property income rather than buyer’s personal income.
Manufactured
Built in 1980
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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Listed by: Gerri Eiles • Quitman Realty
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25009615
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.