2419 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 2419 County Road 407, Nemo, TX, 76070 offers a 6.46% rental yield on a $524,900 purchase with $2,825/mo rent. 75% in year one. Equity gained on principal adds $3,387/yr while 5% annual appreciation supports $145,020 over five years. Portfolio math shows five-year ROI at 71.03% and total cumulative return in cash at $122,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,825/mo property income against a $2,569/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.55 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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