207 W Elder StColmesneilTX75938
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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 Colmesneil at 207 W Elder St, Colmesneil, TX, 75938 offers $1,990/mo rent that, after a $1,933/mo payment. Total monthly income is $1,990/mo. Return on cash invested measures 12.41% in year one, and rental yield stands at 6.05% at a $395,000 entry. Equity gained on principal adds $2,549/yr while 5% annual appreciation compounds into $109,131 by year five. Five-year ROI records 63.84% and total cumulative return in cash reaches $83,598. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,990/mo property income versus a $1,933/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75938, Colmesneil, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,446 (100%) |
| Owner Occupied HU | 832 (57.5%) |
| Renter Occupied HU | 102 ( 7.1%) |
| Vacant Housing Units | 512 (35.4%) |
| Median Home Value | $153,030 |
| Average Home Value | $218,206 |
Housing Distribution
Address Breakdown
Residential
1,049
Single Family
1,049
Multi-Family
0
Businesses
52
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Listed by: Faye Gee • Texas Legacy Properties
Mls Name: HAR
Mls Provider:
Mls ID: #85782212
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