1700 Bennett RdMillsapTX76066
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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 Millsap at 1700 Bennett Rd, Millsap, TX, 76066 uses $66,300 cash to close to unlock $2,156/yr annual cash flow and $180/mo monthly cash flow. Total monthly income runs $1,602/mo, and a $979/mo payment keeps the spread at $180/mo. Purchase price stands at $199,999, and rental yield measures 9.61% with $1,602/mo rent. Return on cash invested shows 23.16% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 121.5% and total cumulative return in cash records $80,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,602/mo property income covering a $979/mo payment rather than investor’s personal income.
Apartment
Built in 1999
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,848 (100%) |
| Owner Occupied HU | 1,410 (76.3%) |
| Renter Occupied HU | 285 (15.4%) |
| Vacant Housing Units | 153 ( 8.3%) |
| Median Home Value | $373,667 |
| Average Home Value | $405,397 |
Housing Distribution
Address Breakdown
Residential
1,678
Single Family
1,678
Multi-Family
0
Businesses
122
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Listed by: Mindy Holloway • CLARK REAL ESTATE GROUP
Mls Name: NTREIS
Mls ID: #21065823
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.