1389 Fm 1999KarnackTX75661
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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 Karnack at 1389 Fm 1999, Karnack, TX, 75661 generates $1,946/mo in rent, after a $9,300/mo payment. Total monthly income is $1,946/mo. Return on cash invested sits at -2.18% in year one, and rental yield is 1.23% on a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation builds toward $524,935 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,946/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
227 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75661, Karnack, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,610 (100%) |
| Owner Occupied HU | 964 (59.9%) |
| Renter Occupied HU | 166 (10.3%) |
| Vacant Housing Units | 480 (29.8%) |
| Median Home Value | $234,167 |
| Average Home Value | $316,465 |
Housing Distribution
Address Breakdown
Residential
1,295
Single Family
1,270
Multi-Family
25
Businesses
57
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Listed by: J Bryan Pickens • Republic Ranches, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #17038881
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