206 Mistletoe StMarlinTX76661
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Marlin at 206 Mistletoe St, Marlin, TX, 76661 generates $2,131/mo in rent and, after a $563/mo payment, leaves $1,313/mo in cash flow. Total monthly income is $2,131/mo, and annual cash flow is $15,757/yr on $38,123 invested. Return on cash invested sits at 61.24% in year one, and rental yield is 22.24% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 325.85% and total cumulative return in cash sums $124,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,131/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76661, Marlin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,259 (100%) |
| Owner Occupied HU | 1,536 (47.1%) |
| Renter Occupied HU | 1,020 (31.3%) |
| Vacant Housing Units | 703 (21.6%) |
| Median Home Value | $95,692 |
| Average Home Value | $130,791 |
Housing Distribution
Address Breakdown
Residential
2,712
Single Family
2,571
Multi-Family
141
Businesses
367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Magana • Bridge Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #224511
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 01:54:49 PDT