245 Parkins StSulphur SpringsTX75482
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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 Sulphur Springs at 245 Parkins St, Sulphur Springs, TX, 75482 uses $89,174 cash to close to unlock $24,357/yr annual cash flow and $2,030/mo monthly cash flow. Total monthly income runs $3,943/mo, and a $1,317/mo payment keeps the spread at $2,030/mo. Purchase price stands at $269,000, and rental yield measures 17.59% with $3,943/mo rent. Return on cash invested shows 47.22% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 250.54% and total cumulative return in cash records $223,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,943/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75482, Sulphur Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,363 (100%) |
| Owner Occupied HU | 6,608 (58.2%) |
| Renter Occupied HU | 3,637 (32.0%) |
| Vacant Housing Units | 1,118 ( 9.8%) |
| Median Home Value | $246,201 |
| Average Home Value | $326,051 |
Housing Distribution
Address Breakdown
Residential
11,169
Single Family
9,717
Multi-Family
1,452
Businesses
1,025
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Listed by: Yesennia Tovar • Century 21 First Group
Mls Name: NTREIS
Mls ID: #20690854
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.