1370 Fm 315PalestineTX75803
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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 Palestine at 1370 Fm 315, Palestine, TX, 75803 offers a 7.23% rental yield on a $329,800 purchase with $1,988/mo rent. 99% in year one. Equity gained on principal adds $2,128/yr while 5% annual appreciation supports $91,118 over five years. Portfolio math shows five-year ROI at 83.03% and total cumulative return in cash at $90,776. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $1,614/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75803, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,231 (100%) |
| Owner Occupied HU | 4,883 (67.5%) |
| Renter Occupied HU | 1,564 (21.6%) |
| Vacant Housing Units | 784 (10.8%) |
| Median Home Value | $218,045 |
| Average Home Value | $243,064 |
Housing Distribution
Address Breakdown
Residential
6,846
Single Family
6,602
Multi-Family
244
Businesses
114
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Listed by: Jessica Walker • Keller Williams Realty-Tyler
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25008267
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.