287 Spring Creek DrMount VernonTX75457
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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 Mount Vernon at 287 Spring Creek Dr, Mount Vernon, TX, 75457 offers $3,750/mo rent that, after a $3,568/mo payment. Total monthly income is $3,750/mo. Return on cash invested measures 12.66% in year one, and rental yield stands at 6.17% at a $729,000 entry. Equity gained on principal adds $4,704/yr while 5% annual appreciation compounds into $201,409 by year five. Five-year ROI records 65.25% and total cumulative return in cash reaches $156,504. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,750/mo property income versus a $3,568/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1.03 Acres lot
$N/A/sqft
$540 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75457, Mount Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,078 (100%) |
| Owner Occupied HU | 1,841 (59.8%) |
| Renter Occupied HU | 667 (21.7%) |
| Vacant Housing Units | 570 (18.5%) |
| Median Home Value | $287,695 |
| Average Home Value | $355,964 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
292
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Listed by: Justin Riley • Century 21 Butler Real Estate
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24011788
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.