220 McCormick StColumbusTX78934
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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 Columbus at 220 McCormick St, Columbus, TX, 78934 priced at $325,900 converts $3,703/mo rent into $1,386/mo cash flow after a $1,595/mo obligation. Total monthly income equals $3,703/mo, and annual cash flow totals $16,627/yr on $108,036 invested. Return on cash invested prints 35.3% in year one, and rental yield reads 13.63% against a $325,900 entry. Equity gained on principal adds $2,103/yr, while 5% annual appreciation compiles into $90,040 by year five. Five-year ROI reaches 186.6% and total cumulative return in cash sums $201,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,703/mo property income covering a $1,595/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78934, Columbus, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,383 (100%) |
| Owner Occupied HU | 2,115 (62.5%) |
| Renter Occupied HU | 732 (21.6%) |
| Vacant Housing Units | 536 (15.8%) |
| Median Home Value | $262,560 |
| Average Home Value | $355,430 |
Housing Distribution
Address Breakdown
Residential
3,106
Single Family
2,828
Multi-Family
278
Businesses
557
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