214 N Rike StFarmersvilleTX75442
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Farmersville at 214 N Rike St, Farmersville, TX, 75442 uses $69,613 cash to close to unlock $5,063/yr annual cash flow and $422/mo monthly cash flow. Total monthly income runs $1,998/mo, and a $1,028/mo payment keeps the spread at $422/mo. Purchase price stands at $209,995, and rental yield measures 11.42% with $1,998/mo rent. Return on cash invested shows 27.18% in year one, and 5% annual appreciation builds toward $58,018 over five years. Five-year ROI reaches 143.56% and total cumulative return in cash records $99,938. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,998/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1953
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75442, Farmersville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,526 (75.2%) |
| Renter Occupied HU | 874 (18.6%) |
| Vacant Housing Units | 291 ( 6.2%) |
| Median Home Value | $433,645 |
| Average Home Value | $465,152 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,629
Multi-Family
195
Businesses
345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephen Ash • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20630080
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.