301 Morris DrLongviewTX75602
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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 Longview at 301 Morris Dr, Longview, TX, 75602 offers a 11.26% rental yield on a $220,000 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $1,077/mo payment leaves $500/mo available for distribution. Annual cash flow reaches $6,004/yr on $72,930 to close, and return on cash invested stands at 28.14% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 148.25% and total cumulative return in cash at $108,119. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
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