271 Front StPalestineTX75803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Palestine at 271 Front St, Palestine, TX, 75803 offers $2,218/mo rent that, after a $1,223/mo payment, leaves $441/mo cash flow. Total monthly income is $2,218/mo, and annual cash flow is $5,293/yr on $82,842 cash. Return on cash invested measures 26.3% in year one, and rental yield stands at 10.65% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 138.37% and total cumulative return in cash reaches $114,626. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,218/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75803, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,231 (100%) |
| Owner Occupied HU | 4,883 (67.5%) |
| Renter Occupied HU | 1,564 (21.6%) |
| Vacant Housing Units | 784 (10.8%) |
| Median Home Value | $218,045 |
| Average Home Value | $243,064 |
Housing Distribution
Address Breakdown
Residential
6,846
Single Family
6,602
Multi-Family
244
Businesses
114
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