260 J T Smith DrCorriganTX75939
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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 Corrigan at 260 J T Smith Dr, Corrigan, TX, 75939 earns from $2,347/mo rent with a $2,080/mo payment. Total monthly income totals $2,347/mo. ROI tracks 14.16% on current figures, and rental yield reads 6.63% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 73.2% and total cumulative return in cash sums $103,133. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,347/mo property income instead of your personal income.
Single Family
Built in 2018
1.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75939, Corrigan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,295 (60.3%) |
| Renter Occupied HU | 405 (18.8%) |
| Vacant Housing Units | 449 (20.9%) |
| Median Home Value | $161,458 |
| Average Home Value | $176,384 |
Housing Distribution
Address Breakdown
Residential
1,623
Single Family
1,618
Multi-Family
5
Businesses
119
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