2411 E George Richey RdLongviewTX75604
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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 Longview at 2411 E George Richey Rd, Longview, TX, 75604 uses $59,670 cash to close to unlock $5,652/yr annual cash flow and $471/mo monthly cash flow. Total monthly income runs $1,751/mo, and a $881/mo payment keeps the spread at $471/mo. Purchase price stands at $180,000, and rental yield measures 11.67% with $1,751/mo rent. Return on cash invested shows 29.38% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 154.82% and total cumulative return in cash records $92,381. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,751/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
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