1509 E Park AvePalestineTX75801
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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 1509 E Park Ave, Palestine, TX, 75801 with 5% annual appreciation on a $199,000 basis while $1,567/mo rent supports operations. Total monthly income totals $1,567/mo and a $974/mo payment preserves $152/mo for cash returns. Annual cash flow comes to $1,823/yr on $65,969 deployed, and return on cash invested reaches 22.67% in year one. Equity gained on principal adds $1,284/yr, and five-year appreciation sums $54,980 alongside rental yield of 9.45%. Five-year ROI measures 118.87% and total cumulative return in cash totals $78,414.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,567/mo property income versus a $974/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75801, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,555 (100%) |
| Owner Occupied HU | 4,178 (55.3%) |
| Renter Occupied HU | 2,475 (32.8%) |
| Vacant Housing Units | 902 (11.9%) |
| Median Home Value | $182,082 |
| Average Home Value | $242,206 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,456
Multi-Family
817
Businesses
867
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