200 N Mathews StCorriganTX75939
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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 200 N Mathews St, Corrigan, TX, 75939 uses $74,588 cash to close to unlock $1,347/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,712/mo, and a $1,101/mo payment keeps the spread at $112/mo. Purchase price stands at $225,000, and rental yield measures 9.13% with $1,712/mo rent. Return on cash invested shows 21.71% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 113.79% and total cumulative return in cash records $84,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,712/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1928
0.50 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: Marcey Nelson • The Cox Company, Real Estate Group
Mls Name: HAR
Mls Provider:
Mls ID: #89383466
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