1504 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
Rental property for sale in Ennis at 1504 Nichols St, Ennis, TX, 75119 priced at $259,000 converts $2,034/mo rent into $192/mo cash flow after a $1,268/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $2,303/yr on $85,859 invested. Return on cash invested prints 22.59% in year one, and rental yield reads 9.42% against a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation compiles into $71,557 by year five. Five-year ROI reaches 118.43% and total cumulative return in cash sums $101,680. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,268/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,624 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Price change | $259,000 |
| 2025-01-21 | Listed for sale | $269,000 |
| 2025-01-13 | Contingent | $269,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $183,058 | -5.52% |
| 2023-02-13 | $4173.28 | -5.16% | $193,743 | 5.37% |
| 2022-02-13 | $4400.49 | N/A | $183,872 | 25.87% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1959
- Architectural Style: Detached
- Building Area: N/A
- Living Area: 1,280 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: N/A
- Interior Features: Decorative/Designer Lighting Fixtures, Granite Counters, High Speed Internet
- Exterior Features: N/A
- Parking Features: Driveway, Garage, On Street
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Available, Electricity Connected, Sewer Available, Separate Meters, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Houston
- Middle School: N/A
- High School: Ennis
Listed by: Walter Garcia • Only 1 Realty Group LLC
Mls Name: NTREIS
Mls ID: #20740626
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.