3261 Cleveland StParisTX75460
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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 Paris at 3261 Cleveland St, Paris, TX, 75460 generates $1,625/mo in rent, after a $1,272/mo payment. Total monthly income is $1,625/mo. Return on cash invested sits at 16.8% in year one, and rental yield is 7.5% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 87.4% and total cumulative return in cash sums $75,298. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,625/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75460, Paris, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,728 (100%) |
| Owner Occupied HU | 4,515 (42.1%) |
| Renter Occupied HU | 4,867 (45.4%) |
| Vacant Housing Units | 1,346 (12.5%) |
| Median Home Value | $131,366 |
| Average Home Value | $198,680 |
Housing Distribution
Address Breakdown
Residential
10,284
Single Family
8,795
Multi-Family
1,489
Businesses
1,339
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Listed by: Rebecca Brown • Coldwell Banker Regional Realty
Mls Name: NTREIS
Mls ID: #20829741
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.