24021 N Highway 59Queen CityTX75572
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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 Queen City at 24021 N Highway 59, Queen City, TX, 75572 uses $71,273 cash to close to unlock $641/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,582/mo, and a $1,052/mo payment keeps the spread at $53/mo. Purchase price stands at $215,000, and rental yield measures 8.83% with $1,582/mo rent. Return on cash invested shows 20.81% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 108.9% and total cumulative return in cash records $77,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,582/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1974
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75572, Queen City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,759 (100%) |
| Owner Occupied HU | 1,106 (62.9%) |
| Renter Occupied HU | 366 (20.8%) |
| Vacant Housing Units | 287 (16.3%) |
| Median Home Value | $120,205 |
| Average Home Value | $164,778 |
Housing Distribution
Address Breakdown
Residential
1,702
Single Family
1,584
Multi-Family
118
Businesses
133
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Listed by: Frix Smith • eXp Realty, LLC- TX
Mls Name: TMLS
Mls ID: #118162