247 Parker Riley RdWaskomTX75692
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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 Waskom at 247 Parker Riley Rd, Waskom, TX, 75692 priced at $245,000 converts $1,093/mo rent into after a $1,199/mo obligation. Total monthly income equals $1,093/mo. Return on cash invested prints 10.32% in year one, and rental yield reads 5.35% against a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,689 by year five. Five-year ROI reaches 52.61% and total cumulative return in cash sums $42,732. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,093/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Manufactured
Built in 1993
7.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75692, Waskom, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,258 (100%) |
| Owner Occupied HU | 1,552 (68.7%) |
| Renter Occupied HU | 428 (19.0%) |
| Vacant Housing Units | 278 (12.3%) |
| Median Home Value | $213,889 |
| Average Home Value | $280,023 |
Housing Distribution
Address Breakdown
Residential
1,813
Single Family
1,768
Multi-Family
45
Businesses
170
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