216 N Carpenter St #A/BMartTX76664
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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 Mart at 216 N Carpenter St #A/B, Mart, TX, 76664 priced at $111,000 converts $856/mo rent into $67/mo cash flow after a $543/mo obligation. Total monthly income equals $856/mo, and annual cash flow totals $803/yr on $36,797 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 9.25% against a $111,000 entry. Equity gained on principal adds $716/yr, while 5% annual appreciation compiles into $30,667 by year five. Five-year ROI reaches 115.74% and total cumulative return in cash sums $42,590. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $856/mo property income covering a $543/mo payment, not borrower’s personal income.
Single Family
Built in 1975
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76664, Mart, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,479 (100%) |
| Owner Occupied HU | 924 (62.5%) |
| Renter Occupied HU | 315 (21.3%) |
| Vacant Housing Units | 240 (16.2%) |
| Median Home Value | $207,386 |
| Average Home Value | $270,942 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
96
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Listed by: Trevor Caswell • Keller Williams Realty, Waco
Mls Name: NTREIS
Mls ID: #20987570
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.