300 Cherry Point DrPalmerTX75152
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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
Investment property for sale in Palmer at 300 Cherry Point Dr, Palmer, TX, 75152 uses $106,080 cash to close to unlock $6,152/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $2,788/mo, and a $1,566/mo payment keeps the spread at $513/mo. Purchase price stands at $319,999, and rental yield measures 10.46% with $2,788/mo rent. Return on cash invested shows 25.71% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 135.16% and total cumulative return in cash records $143,379. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,788/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 2020
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75152, Palmer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,051 (100%) |
| Owner Occupied HU | 1,608 (78.4%) |
| Renter Occupied HU | 345 (16.8%) |
| Vacant Housing Units | 98 ( 4.8%) |
| Median Home Value | $326,821 |
| Average Home Value | $412,307 |
Housing Distribution
Address Breakdown
Residential
1,933
Single Family
1,933
Multi-Family
0
Businesses
120
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