281 Belknap CirNewcastleTX76372
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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 Newcastle at 281 Belknap Cir, Newcastle, TX, 76372 offers $914/mo rent that, after a $563/mo payment, leaves $96/mo cash flow. Total monthly income is $914/mo, and annual cash flow is $1,153/yr on $38,123 cash. Return on cash invested measures 22.93% in year one, and rental yield stands at 9.54% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 120.39% and total cumulative return in cash reaches $45,897. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $914/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2011
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76372, Newcastle, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 293 (53.4%) |
| Renter Occupied HU | 91 (16.6%) |
| Vacant Housing Units | 165 (30.1%) |
| Median Home Value | $155,500 |
| Average Home Value | $224,659 |
Housing Distribution
Address Breakdown
Residential
274
Single Family
274
Multi-Family
0
Businesses
33
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