209 DavenportItalyTX76651
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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 Italy at 209 Davenport, Italy, TX, 76651 priced at $199,900 pairs $1,521/mo rent with $100/mo cash flow after a $978/mo payment. Total monthly income equals $1,521/mo, and annual cash flow comes to $1,199/yr on $66,267 invested. Return on cash invested is 21.72% in year one, and rental yield stands at 9.13% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 113.72% and total cumulative return in cash reaches $75,361. For financing, Ziffy Mortgage’s DSCR program evaluates $1,521/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
3.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76651, Italy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,300 (100%) |
| Owner Occupied HU | 843 (64.8%) |
| Renter Occupied HU | 359 (27.6%) |
| Vacant Housing Units | 98 ( 7.5%) |
| Median Home Value | $294,492 |
| Average Home Value | $395,569 |
Housing Distribution
Address Breakdown
Residential
1,103
Single Family
1,103
Multi-Family
0
Businesses
78
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