316 Cannon StQuinlanTX75474
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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 Quinlan at 316 Cannon St, Quinlan, TX, 75474 priced at $165,000 converts $1,244/mo rent into $70/mo cash flow after a $808/mo obligation. Total monthly income equals $1,244/mo, and annual cash flow totals $843/yr on $54,698 invested. Return on cash invested prints 21.45% in year one, and rental yield reads 9.05% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 112.41% and total cumulative return in cash sums $61,487. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,244/mo property income covering a $808/mo payment, not borrower’s personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75474, Quinlan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,469 (100%) |
| Owner Occupied HU | 5,301 (71.0%) |
| Renter Occupied HU | 1,142 (15.3%) |
| Vacant Housing Units | 1,026 (13.7%) |
| Median Home Value | $280,868 |
| Average Home Value | $321,639 |
Housing Distribution
Address Breakdown
Residential
6,369
Single Family
6,360
Multi-Family
9
Businesses
422
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Listed by: Delanee Clark • RE/MAX Landmark
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25004565
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.