2402 Tallahassee DrEnnisTX75119
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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 Ennis at 2402 Tallahassee Dr, Ennis, TX, 75119 uses $86,157 cash to close to unlock $14,851/yr annual cash flow and $1,238/mo monthly cash flow. Total monthly income runs $3,119/mo, and a $1,272/mo payment keeps the spread at $1,238/mo. Purchase price stands at $259,900, and rental yield measures 14.4% with $3,119/mo rent. Return on cash invested shows 37.15% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 196.66% and total cumulative return in cash records $169,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,119/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 2023
5,052 sqft lot
$N/A/sqft
$400 annually HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Housing Distribution
Address Breakdown
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-03 | Price change | $259,900 |
| 2024-07-25 | Price change | $265,000 |
| 2024-04-05 | Listed for sale | $267,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $726.99 | N/A | $33,750 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2023
- Architectural Style: Detached
- Building Area: N/A
- Living Area: 1,302 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: High Speed Internet, Open Floorplan, Pantry
- Exterior Features: N/A
- Parking Features: Garage, Carport
Location
HOA & Fees
- HOA Fee: $400 annually
- Association Fee: $400 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Association Management
Utilities
- Utilities: Electricity Available, Sewer Available, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Austin
- Middle School: N/A
- High School: Ennis
Listed by: Laura DeLeon • Rendon Realty, LLC
Mls Name: NTREIS
Mls ID: #20576060
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.