2568 Fm 247MidwayTX75852
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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 Midway at 2568 Fm 247, Midway, TX, 75852 generates $3,355/mo in rent, after a $3,397/mo payment. Total monthly income is $3,355/mo. Return on cash invested sits at 11.75% in year one, and rental yield is 5.8% on a $694,100 entry. Equity gained on principal adds $4,479/yr, while 5% annual appreciation builds toward $191,767 over five years. Five-year ROI reaches 60.3% and total cumulative return in cash sums $137,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,355/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 2006
42.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75852, Midway, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 480 (60.6%) |
| Renter Occupied HU | 120 (15.2%) |
| Vacant Housing Units | 192 (24.2%) |
| Median Home Value | $223,000 |
| Average Home Value | $340,323 |
Housing Distribution
Address Breakdown
Residential
745
Single Family
744
Multi-Family
1
Businesses
35
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