231 S 2nd StWills PointTX75169
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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 Wills Point at 231 S 2nd St, Wills Point, TX, 75169 earns $170/mo cash flow from $1,591/mo rent with a $978/mo payment. Total monthly income totals $1,591/mo, and annual cash flow totals $2,040/yr on $66,254 capital. ROI tracks 22.99% on current figures, and rental yield reads 9.55% at a $199,860 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,218 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash sums $79,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,591/mo property income instead of your personal income.
Single Family
Built in 1985
7,396 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Todd Cianciulli • Rescue Real Estate
Mls Name: NTREIS
Mls ID: #21020815