23063 Recreation Rd #11, Millersview, TX, 76862 | $411/mo Cash Flow

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23063 Recreation Rd #11, Millersview, TX, 76862 | $411/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Millersview at 23063 Recreation Rd #11, Millersview, TX, 76862 uses $107,738 cash to close to unlock $4,927/yr annual cash flow and $411/mo monthly cash flow. Total monthly income runs $2,722/mo, and a $1,591/mo payment keeps the spread at $411/mo. Purchase price stands at $325,000, and rental yield measures 10.05% with $2,722/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash records $138,541. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,722/mo property income covering a $1,591/mo payment rather than investor’s personal income.

Multi Family

Built in N/A

6.73 Acres lot

$N/A/sqft

No HOA

More details about the property

This is a rare find at Lake O.H. Ivie. This property has no restrictions and can be used for residential or commercial purposes. Currently the property is being used for cabin rentals. There are 2 cabins located on the property that are rented out to fishermen or recreational enthusiast. There is more room that additional cabins could be added. This 6.573-acre tract of land has so much potential. There is also room for RV's hookups that a new owner could add. There is a frame that the owner started building for a boat storage and the new owner can finish up and put their own design touches to it. The possibilities are endless and with the right person & imagination this could be a great investment property. The location can't be beat. Located on the right-hand side of the road just before you enter Concho Park Marina. Beautiful views of Lake Ivie. Let me show you all the possibilities of this property.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76862, Millersview, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	176 (100%)
Owner Occupied HU	79 (44.9%)
Renter Occupied HU	11 ( 6.2%)
Vacant Housing Units	86 (48.9%)
Median Home Value	$177,500
Average Home Value	$198,829