2387 County Road 407NemoTX76070
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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 Nemo at 2387 County Road 407, Nemo, TX, 76070 earns $180/mo cash flow from $2,846/mo rent with a $1,835/mo payment. Total monthly income totals $2,846/mo, and annual cash flow totals $2,157/yr on $124,313 capital. ROI tracks 21.64% on current figures, and rental yield reads 9.11% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 113.36% and total cumulative return in cash sums $140,919. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,846/mo property income instead of your personal income.
Single Family
Built in 2022
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76070, Nemo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 321 (100%) |
| Owner Occupied HU | 254 (79.1%) |
| Renter Occupied HU | 38 (11.8%) |
| Vacant Housing Units | 29 ( 9.0%) |
| Median Home Value | $328,125 |
| Average Home Value | $372,923 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
15
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