2387 Snapdragon RdOre CityTX75683
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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 Ore City at 2387 Snapdragon Rd, Ore City, TX, 75683 offers $1,109/mo rent that, after a $710/mo payment, leaves $50/mo cash flow. Total monthly income is $1,109/mo, and annual cash flow is $603/yr on $48,059 cash. Return on cash invested measures 21.16% in year one, and rental yield stands at 9.18% at a $144,975 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,054 by year five. Five-year ROI records 111.14% and total cumulative return in cash reaches $53,412. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,109/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75683, Ore City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,209 (65.1%) |
| Renter Occupied HU | 374 (20.1%) |
| Vacant Housing Units | 275 (14.8%) |
| Median Home Value | $116,435 |
| Average Home Value | $166,239 |
Housing Distribution
Address Breakdown
Residential
1,447
Single Family
1,447
Multi-Family
0
Businesses
93
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