1505 Berry LnLongviewTX75602
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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 Longview at 1505 Berry Ln, Longview, TX, 75602 generates $1,920/mo in rent and, after a $945/mo payment, leaves $492/mo in cash flow. Total monthly income is $1,920/mo, and annual cash flow is $5,907/yr on $64,013 invested. Return on cash invested sits at 29.14% in year one, and rental yield is 11.93% on a $193,100 entry. Equity gained on principal adds $1,246/yr, while 5% annual appreciation builds toward $53,350 over five years. Five-year ROI reaches 153.97% and total cumulative return in cash sums $98,558. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
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