164 Parker RdCorriganTX75939
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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 Corrigan at 164 Parker Rd, Corrigan, TX, 75939 listed at $475,000 pairs $1,745/mo rent with a $2,325/mo payment. Total monthly income runs $1,745/mo. Return on cash invested measures 7.46% in year one, and rental yield registers 4.41% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 37.34% and total cumulative return in cash totals $58,795. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,745/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2019
18.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75939, Corrigan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,295 (60.3%) |
| Renter Occupied HU | 405 (18.8%) |
| Vacant Housing Units | 449 (20.9%) |
| Median Home Value | $161,458 |
| Average Home Value | $176,384 |
Housing Distribution
Address Breakdown
Residential
1,623
Single Family
1,618
Multi-Family
5
Businesses
119
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Listed by: Hana Kosina • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #91064548
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