313 Walters StLongviewTX75603
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
Rental property for sale in Longview at 313 Walters St, Longview, TX, 75603 priced at $279,500 converts $2,198/mo rent into $118/mo cash flow after a $1,368/mo obligation. Total monthly income equals $2,198/mo, and annual cash flow totals $1,410/yr on $92,654 invested. Return on cash invested prints 21.43% in year one, and rental yield reads 9.44% against a $279,500 entry. Equity gained on principal adds $1,804/yr, while 5% annual appreciation compiles into $77,221 by year five. Five-year ROI reaches 112.67% and total cumulative return in cash sums $104,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,198/mo property income covering a $1,368/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75603, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,094 (72.5%) |
| Renter Occupied HU | 375 (13.0%) |
| Vacant Housing Units | 420 (14.5%) |
| Median Home Value | $259,846 |
| Average Home Value | $278,822 |
Housing Distribution
Address Breakdown
Residential
2,670
Single Family
2,549
Multi-Family
121
Businesses
200
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