2299 Fm 3359CarthageTX75633
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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 Carthage at 2299 Fm 3359, Carthage, TX, 75633 uses $97,130 cash to close to unlock $414/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $2,118/mo, and a $1,434/mo payment keeps the spread at $35/mo. Purchase price stands at $293,000, and rental yield measures 8.67% with $2,118/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 106.35% and total cumulative return in cash records $103,294. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,118/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Single Family
Built in 1962
3.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75633, Carthage, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,417 (100%) |
| Owner Occupied HU | 4,150 (64.7%) |
| Renter Occupied HU | 1,292 (20.1%) |
| Vacant Housing Units | 975 (15.2%) |
| Median Home Value | $202,650 |
| Average Home Value | $247,024 |
Housing Distribution
Address Breakdown
Residential
6,281
Single Family
6,052
Multi-Family
229
Businesses
828
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