2623 County Road 697FarmersvilleTX75442
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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
Total monthly income runs $2,274/mo, and a $4,645/mo payment. Purchase price stands at $949,000, and rental yield measures 2.88% with $2,274/mo rent. Return on cash invested shows 2.86% in year one, and 5% annual appreciation builds toward $262,191 over five years. Five-year ROI reaches 12.62% and total cumulative return in cash records $39,396. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $4,645/mo payment rather than investor’s personal income.
Single Family
Built in 1975
18.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75442, Farmersville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,526 (75.2%) |
| Renter Occupied HU | 874 (18.6%) |
| Vacant Housing Units | 291 ( 6.2%) |
| Median Home Value | $433,645 |
| Average Home Value | $465,152 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,629
Multi-Family
195
Businesses
345
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Listed by: Houston Pitts • Farmersville Real Estate Company
Mls Name: NTREIS
Mls ID: #20971308