1409 Nichols StEnnisTX75119
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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 Ennis at 1409 Nichols St, Ennis, TX, 75119 uses $72,930 cash to close to unlock $7,156/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $2,161/mo, and a $1,077/mo payment keeps the spread at $596/mo. Purchase price stands at $220,000, and rental yield measures 11.79% with $2,161/mo rent. Return on cash invested shows 29.72% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 156.72% and total cumulative return in cash records $114,299. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,161/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1959
8,058 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Housing Distribution
Address Breakdown
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
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Listed by: Kim Lindley • Graham & Co Realty Group
Mls Name: NTREIS
Mls ID: #20823924
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.