304 E North StItascaTX76055
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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 Itasca at 304 E North St, Itasca, TX, 76055 offers $2,386/mo rent that, after a $925/mo payment, leaves $1,042/mo cash flow. Total monthly income is $2,386/mo, and annual cash flow is $12,505/yr on $62,654 cash. Return on cash invested measures 39.87% in year one, and rental yield stands at 15.15% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 211.16% and total cumulative return in cash reaches $132,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3,615 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76055, Itasca, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,230 (100%) |
| Owner Occupied HU | 809 (65.8%) |
| Renter Occupied HU | 250 (20.3%) |
| Vacant Housing Units | 171 (13.9%) |
| Median Home Value | $197,877 |
| Average Home Value | $264,509 |
Housing Distribution
Address Breakdown
Residential
1,166
Single Family
1,166
Multi-Family
0
Businesses
67
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Listed by: Adriana Herrera • Fathom Realty LLC
Mls Name: NTREIS
Mls ID: #20579303
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.