303 N 3rd StWills PointTX75169
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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 Wills Point at 303 N 3rd St, Wills Point, TX, 75169 generates $3,294/mo in rent and, after a $1,468/mo payment, leaves $1,161/mo in cash flow. Total monthly income is $3,294/mo, and annual cash flow is $13,935/yr on $99,417 invested. Return on cash invested sits at 33.93% in year one, and rental yield is 13.18% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 179.25% and total cumulative return in cash sums $178,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,294/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Leonard Holder • Lone Star Realty Group, LLC
Mls Name: NTREIS
Mls ID: #20996824