244 Cottonwood StLatexoTX75849
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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 Latexo at 244 Cottonwood St, Latexo, TX, 75849 offers a 10.04% rental yield on a $189,000 purchase with $1,582/mo rent. Total monthly income registers $1,582/mo, and a $925/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,857/yr on $62,654 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 128.57% and total cumulative return in cash at $80,554. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,582/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75849, Latexo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Housing Distribution
Address Breakdown
Residential
96
Single Family
1
Multi-Family
0
Businesses
17
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Listed by: April Wright • Connie Strban, Broker
Mls Name: HAR
Mls Provider:
Mls ID: #38865935
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