3 Bowie CtMerkelTX79536
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
Investment property for sale in Merkel at 3 Bowie Ct, Merkel, TX, 79536 listed at $152,000 pairs $2,347/mo rent with a $744/mo payment to leave $1,266/mo cash flow. Total monthly income runs $2,347/mo, and annual cash flow reaches $15,193/yr on $50,388 cash to close. Return on cash invested measures 50.06% in year one, and rental yield registers 18.53% at a $152,000 basis. Equity gained on principal adds $981/yr, and annual property appreciation at 5% supports $41,995 by year five. Five-year ROI tracks 265.82% and total cumulative return in cash totals $133,942. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,347/mo property income relative to a $744/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
7,474 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79536, Merkel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,643 (69.8%) |
| Renter Occupied HU | 375 (15.9%) |
| Vacant Housing Units | 336 (14.3%) |
| Median Home Value | $186,880 |
| Average Home Value | $235,380 |
Housing Distribution
Address Breakdown
Residential
2,112
Single Family
2,112
Multi-Family
0
Businesses
154
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kylee Newberry • KW SYNERGY*
Mls Name: NTREIS
Mls ID: #20662014
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.