256 Los Altos 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
Investment property for sale in Waskom at 256 Los Altos Rd, Waskom, TX, 75692 uses $77,903 cash to close to unlock $13,333/yr annual cash flow and $1,111/mo monthly cash flow. Total monthly income runs $2,782/mo, and a $1,150/mo payment keeps the spread at $1,111/mo. Purchase price stands at $235,000, and rental yield measures 14.21% with $2,782/mo rent. Return on cash invested shows 37.02% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 195.87% and total cumulative return in cash records $152,584. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,782/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1986
3.05 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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Listed by: Nicole Mayfield • Miller Homes Group
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24011082
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.