244 21st St SEParisTX75460
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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
Rental property for sale in Paris at 244 21st St SE, Paris, TX, 75460 priced at $135,000 converts $1,465/mo rent into $505/mo cash flow after a $661/mo obligation. Total monthly income equals $1,465/mo, and annual cash flow totals $6,057/yr on $44,753 invested. Return on cash invested prints 33.44% in year one, and rental yield reads 13.02% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 176.63% and total cumulative return in cash sums $79,045. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,465/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1923
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75460, Paris, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,728 (100%) |
| Owner Occupied HU | 4,515 (42.1%) |
| Renter Occupied HU | 4,867 (45.4%) |
| Vacant Housing Units | 1,346 (12.5%) |
| Median Home Value | $131,366 |
| Average Home Value | $198,680 |
Housing Distribution
Address Breakdown
Residential
10,284
Single Family
8,795
Multi-Family
1,489
Businesses
1,339
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Listed by: Jeffrey McKee • EXP REALTY
Mls Name: NTREIS
Mls ID: #20650789
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.