214 E 15th AveCorsicanaTX75110
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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 Corsicana at 214 E 15th Ave, Corsicana, TX, 75110 uses $89,174 cash to close to unlock $2,241/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,317/mo payment keeps the spread at $187/mo. Purchase price stands at $269,000, and rental yield measures 9.37% with $2,100/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 117.55% and total cumulative return in cash records $104,819. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 2024
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75110, Corsicana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,123 (100%) |
| Owner Occupied HU | 6,585 (54.3%) |
| Renter Occupied HU | 4,309 (35.5%) |
| Vacant Housing Units | 1,229 (10.1%) |
| Median Home Value | $188,356 |
| Average Home Value | $254,696 |
Housing Distribution
Address Breakdown
Residential
11,596
Single Family
10,883
Multi-Family
713
Businesses
1,104
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Listed by: David Devore • Beam Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20742901
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.