1903 County Road 3230QuitmanTX75783
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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 Quitman at 1903 County Road 3230, Quitman, TX, 75783 uses $149,009 cash to close to unlock $6,691/yr annual cash flow and $558/mo monthly cash flow. Total monthly income runs $3,754/mo, and a $2,200/mo payment keeps the spread at $558/mo. Purchase price stands at $449,500, and rental yield measures 10.02% with $3,754/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 128.13% and total cumulative return in cash records $190,925. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,754/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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