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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Corsicana at 230 Gorman St, Corsicana, TX, 75110 with 5% annual appreciation on a $125,000 basis while $1,446/mo rent supports operations. Total monthly income totals $1,446/mo and a $612/mo payment preserves $557/mo for cash returns. Annual cash flow comes to $6,683/yr on $41,438 deployed, and return on cash invested reaches 36.04% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 13.88%. Five-year ROI measures 190.53% and total cumulative return in cash totals $78,953.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,446/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1984
6,272 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75110, Corsicana, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,123 (100%) |
| Owner Occupied HU | 6,585 (54.3%) |
| Renter Occupied HU | 4,309 (35.5%) |
| Vacant Housing Units | 1,229 (10.1%) |
| Median Home Value | $188,356 |
| Average Home Value | $254,696 |
Residential
11,596
Single Family
10,883
Multi-Family
713
Businesses
1,104
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $125,000 |
| 2024-10-09 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | $1858.29 | 2.87% | $98,140 | 0.28% |
| 2023-12-27 | $1806.48 | N/A | $97,870 | 11.83% |
| 2022-12-27 | N/A | N/A | $87,520 | 32.47% |
Listed by: Loudine Marrs • Marrs & Associates Realty
Mls Name: NTREIS
Mls ID: #20750548
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.
