218 SE County Road 3048aCorsicanaTX75109
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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 218 SE County Road 3048a, Corsicana, TX, 75109 uses $68,521 cash to close to unlock $8,062/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,142/mo, and a $1,012/mo payment keeps the spread at $672/mo. Purchase price stands at $206,700, and rental yield measures 12.44% with $2,142/mo rent. Return on cash invested shows 31.67% in year one, and 5% annual appreciation builds toward $57,107 over five years. Five-year ROI reaches 167.16% and total cumulative return in cash records $114,539. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $1,012/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75109, Corsicana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,693 (70.8%) |
| Renter Occupied HU | 334 (14.0%) |
| Vacant Housing Units | 364 (15.2%) |
| Median Home Value | $284,255 |
| Average Home Value | $384,066 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,219
Multi-Family
0
Businesses
117
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