308 S Colket StKerensTX75144
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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 Kerens at 308 S Colket St, Kerens, TX, 75144 earns $1,454/mo cash flow from $2,904/mo rent with a $998/mo payment. Total monthly income totals $2,904/mo, and annual cash flow totals $17,448/yr on $67,593 capital. ROI tracks 45.72% on current figures, and rental yield reads 17.09% at a $203,899 purchase. Equity gained on principal adds $1,316/yr, and 5% annual appreciation supports $56,334 over five years. Five-year ROI reaches 242.56% and total cumulative return in cash sums $163,952. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,904/mo property income instead of your personal income.
Single Family
Built in 1925
9,801 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75144, Kerens, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,798 (100%) |
| Owner Occupied HU | 1,092 (60.7%) |
| Renter Occupied HU | 319 (17.7%) |
| Vacant Housing Units | 387 (21.5%) |
| Median Home Value | $217,628 |
| Average Home Value | $326,438 |
Housing Distribution
Address Breakdown
Residential
1,593
Single Family
1,562
Multi-Family
31
Businesses
98
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Listed by: Amelia Valdez • Amelia Valdez City Real Estate
Mls Name: NTREIS
Mls ID: #20571197
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.