304 E Williams StCarthageTX75633
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carthage at 304 E Williams St, Carthage, TX, 75633 offers a 11.46% rental yield on a $124,900 purchase with $1,193/mo rent. Total monthly income registers $1,193/mo, and a $611/mo payment leaves $305/mo available for distribution. Annual cash flow reaches $3,662/yr on $41,404 to close, and return on cash invested stands at 28.75% in year one. Equity gained on principal adds $806/yr while 5% annual appreciation supports $34,508 over five years. Portfolio math shows five-year ROI at 151.6% and total cumulative return in cash at $62,770. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,193/mo property income against a $611/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75633, Carthage, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,417 (100%) |
| Owner Occupied HU | 4,150 (64.7%) |
| Renter Occupied HU | 1,292 (20.1%) |
| Vacant Housing Units | 975 (15.2%) |
| Median Home Value | $202,650 |
| Average Home Value | $247,024 |
Housing Distribution
Address Breakdown
Residential
6,281
Single Family
6,052
Multi-Family
229
Businesses
828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices