303 S Main StQuitmanTX75783
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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 Quitman at 303 S Main St, Quitman, TX, 75783 priced at $123,200 pairs $1,873/mo rent with $997/mo cash flow after a $603/mo payment. Total monthly income equals $1,873/mo, and annual cash flow comes to $11,963/yr on $40,841 invested. Return on cash invested is 49.2% in year one, and rental yield stands at 18.24% on a $123,200 basis. Equity gained on principal adds $795/yr, and 5% annual appreciation accumulates to $34,038 by year five. Five-year ROI measures 261.13% and total cumulative return in cash reaches $106,648. For financing, Ziffy Mortgage’s DSCR program evaluates $1,873/mo property income against a $603/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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