1601 Shely StLongviewTX75604
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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 1601 Shely St, Longview, TX, 75604 priced at $219,500 converts $1,504/mo rent into after a $1,074/mo obligation. Total monthly income equals $1,504/mo. Return on cash invested prints 18.98% in year one, and rental yield reads 8.22% against a $219,500 entry. Equity gained on principal adds $1,416/yr, while 5% annual appreciation compiles into $60,644 by year five. Five-year ROI reaches 99.1% and total cumulative return in cash sums $72,106. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,504/mo property income covering a $1,074/mo payment, not borrower’s personal income.
Single Family
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
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