203 Colette LnMarionTX78124
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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
Rental property for sale in Marion at 203 Colette Ln, Marion, TX, 78124 offers $2,699/mo rent that, after a $2,814/mo payment. Total monthly income is $2,699/mo. Return on cash invested measures 11.25% in year one, and rental yield stands at 5.63% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 57.57% and total cumulative return in cash reaches $108,911. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,699/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78124, Marion, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,530 (100%) |
| Owner Occupied HU | 2,926 (82.9%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 201 ( 5.7%) |
| Median Home Value | $402,261 |
| Average Home Value | $409,764 |
Housing Distribution
Address Breakdown
Residential
2,830
Single Family
2,830
Multi-Family
0
Businesses
212
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Listed by: Cristina Rivera • Keller Williams Legacy
Mls Name: SABOR
Mls Provider:
Mls ID: #1840216
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.