2801 Northridge DrLongviewTX75605
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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 Longview at 2801 Northridge Dr, Longview, TX, 75605 generates $3,653/mo in rent and, after a $1,933/mo payment, leaves $844/mo in cash flow. Total monthly income is $3,653/mo, and annual cash flow is $10,133/yr on $130,943 invested. Return on cash invested sits at 27.65% in year one, and rental yield is 11.1% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 145.56% and total cumulative return in cash sums $190,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,653/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75605, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,860 (100%) |
| Owner Occupied HU | 8,596 (54.2%) |
| Renter Occupied HU | 6,054 (38.2%) |
| Vacant Housing Units | 1,210 ( 7.6%) |
| Median Home Value | $270,913 |
| Average Home Value | $339,504 |
Housing Distribution
Address Breakdown
Residential
15,699
Single Family
11,406
Multi-Family
4,293
Businesses
1,141
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