211 Redstone LnCaddo MillsTX75135
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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 Caddo Mills at 211 Redstone Ln, Caddo Mills, TX, 75135 uses $109,395 cash to close to unlock $6,822/yr annual cash flow and $569/mo monthly cash flow. Total monthly income runs $2,915/mo, and a $1,615/mo payment keeps the spread at $569/mo. Purchase price stands at $330,000, and rental yield measures 10.6% with $2,915/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 137.51% and total cumulative return in cash records $150,431. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,915/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2023
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
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Listed by: Stenson Sanders • Tarpley, REALTORS
Mls Name: NTREIS
Mls ID: #21122974