1807 Miles DrLongviewTX75605
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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 1807 Miles Dr, Longview, TX, 75605 listed at $275,000 pairs $2,422/mo rent with a $1,346/mo payment to leave $466/mo cash flow. Total monthly income runs $2,422/mo, and annual cash flow reaches $5,597/yr on $91,163 cash to close. Return on cash invested measures 26.05% in year one, and rental yield registers 10.57% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 137% and total cumulative return in cash totals $124,895. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,422/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75605, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,860 (100%) |
| Owner Occupied HU | 8,596 (54.2%) |
| Renter Occupied HU | 6,054 (38.2%) |
| Vacant Housing Units | 1,210 ( 7.6%) |
| Median Home Value | $270,913 |
| Average Home Value | $339,504 |
Housing Distribution
Address Breakdown
Residential
15,699
Single Family
11,406
Multi-Family
4,293
Businesses
1,141
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Listed by: Valarie Martin • Texas Real Estate Executives-Gilmer
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25003210
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.