2618 Horne CirCaddo MillsTX75135
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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 Caddo Mills at 2618 Horne Cir, Caddo Mills, TX, 75135 listed at $320,000 pairs $2,442/mo rent with a $1,566/mo payment to leave $167/mo cash flow. Total monthly income runs $2,442/mo, and annual cash flow reaches $2,000/yr on $106,080 cash to close. Return on cash invested measures 21.79% in year one, and rental yield registers 9.16% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 114.15% and total cumulative return in cash totals $121,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,442/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75135, Caddo Mills, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,444 (100%) |
| Owner Occupied HU | 3,841 (86.4%) |
| Renter Occupied HU | 415 ( 9.3%) |
| Vacant Housing Units | 188 ( 4.2%) |
| Median Home Value | $330,118 |
| Average Home Value | $368,746 |
Housing Distribution
Address Breakdown
Residential
4,255
Single Family
4,202
Multi-Family
53
Businesses
238
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Listed by: Maria Bustamante Oviedo • Gentec Realty Corp
Mls Name: NTREIS
Mls ID: #21150401