321 El BarcoCorsicanaTX75109
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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 Corsicana at 321 El Barco, Corsicana, TX, 75109 priced at $1,495,000 converts $5,656/mo rent into after a $7,317/mo obligation. Total monthly income equals $5,656/mo. Return on cash invested prints 7.93% in year one, and rental yield reads 4.54% against a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation compiles into $413,041 by year five. Five-year ROI reaches 39.8% and total cumulative return in cash sums $192,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,656/mo property income covering a $7,317/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1.03 Acres lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75109, Corsicana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,693 (70.8%) |
| Renter Occupied HU | 334 (14.0%) |
| Vacant Housing Units | 364 (15.2%) |
| Median Home Value | $284,255 |
| Average Home Value | $384,066 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,219
Multi-Family
0
Businesses
117
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Listed by: Rodolfo Martinez • NextHome Real Estate Advisors
Mls Name: NTREIS
Mls ID: #20944228
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.