2944 State Highway 315 EMount EnterpriseTX75681
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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 Enterprise at 2944 State Highway 315 E, Mount Enterprise, TX, 75681 generates $1,944/mo in rent, after a $2,092/mo payment. Total monthly income is $1,944/mo. Return on cash invested sits at 10.63% in year one, and rental yield is 5.46% on a $427,500 entry. Equity gained on principal adds $2,759/yr, while 5% annual appreciation builds toward $118,110 over five years. Five-year ROI reaches 54.31% and total cumulative return in cash sums $76,966. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,944/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
32.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75681, Mount Enterprise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 977 (71.5%) |
| Renter Occupied HU | 161 (11.8%) |
| Vacant Housing Units | 228 (16.7%) |
| Median Home Value | $194,894 |
| Average Home Value | $253,516 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
89
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Listed by: Sandie Dickey • Good Realty
Mls Name: LGVBOARD
Mls ID: #20254797