134 Longhorn PassCaddo MillsTX75135
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Nearby investment properties with comparable prices
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 Caddo Mills at 134 Longhorn Pass, Caddo Mills, TX, 75135 priced at $275,000 converts $2,513/mo rent into $557/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,513/mo, and annual cash flow totals $6,689/yr on $91,163 invested. Return on cash invested prints 27.25% in year one, and rental yield reads 10.97% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 143.43% and total cumulative return in cash sums $130,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,513/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
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Listed by: Clinton Shipley • NTex Realty, LP
Mls Name: NTREIS
Mls ID: #21104631