2087 Spur 324Tennessee ColonyTX75861
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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 Tennessee Colony at 2087 Spur 324, Tennessee Colony, TX, 75861 offers a 10.95% rental yield on a $162,000 purchase with $1,478/mo rent. Total monthly income registers $1,478/mo, and a $793/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,911/yr on $53,703 to close, and return on cash invested stands at 27.19% in year one. Equity gained on principal adds $1,045/yr while 5% annual appreciation supports $44,758 over five years. Portfolio math shows five-year ROI at 143.11% and total cumulative return in cash at $76,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,478/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75861, Tennessee Colony, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 959 (100%) |
| Owner Occupied HU | 491 (51.2%) |
| Renter Occupied HU | 174 (18.1%) |
| Vacant Housing Units | 294 (30.7%) |
| Median Home Value | $231,767 |
| Average Home Value | $265,987 |
Housing Distribution
Address Breakdown
Residential
608
Single Family
608
Multi-Family
0
Businesses
37
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Listed by: Elizabeth Smith • Landmark Realty LLC.
Mls Name: Palestine AOR
Mls ID: #101844