2307 Lilly StLongviewTX75602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Longview at 2307 Lilly St, Longview, TX, 75602 priced at $200,000 converts $2,208/mo rent into $786/mo cash flow after a $979/mo obligation. Total monthly income equals $2,208/mo, and annual cash flow totals $9,428/yr on $66,300 invested. Return on cash invested prints 34.13% in year one, and rental yield reads 13.25% against a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,256 by year five. Five-year ROI reaches 180.32% and total cumulative return in cash sums $119,552. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,208/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices