1608 N 7th StLongviewTX75601
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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 Longview at 1608 N 7th St, Longview, TX, 75601 uses $44,587 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $1,027/mo, and a $658/mo payment keeps the spread at $71/mo. Purchase price stands at $134,500, and rental yield measures 9.16% with $1,027/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $37,160 over five years. Five-year ROI reaches 114.3% and total cumulative return in cash records $50,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,027/mo property income covering a $658/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75601, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,037 (100%) |
| Owner Occupied HU | 3,571 (50.7%) |
| Renter Occupied HU | 2,759 (39.2%) |
| Vacant Housing Units | 707 (10.0%) |
| Median Home Value | $202,941 |
| Average Home Value | $222,911 |
Housing Distribution
Address Breakdown
Residential
6,864
Single Family
5,655
Multi-Family
1,209
Businesses
1,158
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