320 Splitrail DrKempTX75143
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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 Kemp at 320 Splitrail Dr, Kemp, TX, 75143 offers a 9.4% rental yield on a $383,000 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,875/mo payment leaves $276/mo available for distribution. Annual cash flow reaches $3,312/yr on $126,965 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $2,471/yr while 5% annual appreciation supports $105,816 over five years. Portfolio math shows five-year ROI at 118.08% and total cumulative return in cash at $149,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,875/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75143, Kemp, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,606 (100%) |
| Owner Occupied HU | 4,722 (62.1%) |
| Renter Occupied HU | 1,406 (18.5%) |
| Vacant Housing Units | 1,478 (19.4%) |
| Median Home Value | $251,256 |
| Average Home Value | $302,938 |
Housing Distribution
Address Breakdown
Residential
6,852
Single Family
6,852
Multi-Family
0
Businesses
410
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Listed by: Michele Peterson • C21 Fine Homes Judge Fite
Mls Name: NTREIS
Mls ID: #20601465
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.