1616 Cleveland StGreenvilleTX75401
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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 Greenville at 1616 Cleveland St, Greenville, TX, 75401 offers a 8.87% rental yield on a $198,900 purchase with $1,470/mo rent. Total monthly income registers $1,470/mo, and a $974/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $661/yr on $65,935 to close, and return on cash invested stands at 20.91% in year one. Equity gained on principal adds $1,283/yr while 5% annual appreciation supports $54,952 over five years. Portfolio math shows five-year ROI at 109.51% and total cumulative return in cash at $72,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,470/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1960
2,962 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75401, Greenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,704 (100%) |
| Owner Occupied HU | 3,895 (50.6%) |
| Renter Occupied HU | 3,001 (39.0%) |
| Vacant Housing Units | 808 (10.5%) |
| Median Home Value | $193,750 |
| Average Home Value | $255,573 |
Housing Distribution
Address Breakdown
Residential
8,401
Single Family
6,641
Multi-Family
1,760
Businesses
515
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Listed by: Patty Turner • Keller Williams Rockwall
Mls Name: NTREIS
Mls ID: #21118582