339 Cross Creek RdHallsvilleTX75650
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 Hallsville at 339 Cross Creek Rd, Hallsville, TX, 75650 generates $2,240/mo in rent and, after a $761/mo payment, leaves $1,134/mo in cash flow. Total monthly income is $2,240/mo, and annual cash flow is $13,612/yr on $51,548 invested. Return on cash invested sits at 46.31% in year one, and rental yield is 17.29% on a $155,500 entry. Equity gained on principal adds $1,003/yr, while 5% annual appreciation builds toward $42,962 over five years. Five-year ROI reaches 245.72% and total cumulative return in cash sums $126,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,240/mo property income rather than buyer’s personal income.
Manufactured
Built in 2000
2.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75650, Hallsville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,929 (100%) |
| Owner Occupied HU | 2,658 (67.7%) |
| Renter Occupied HU | 979 (24.9%) |
| Vacant Housing Units | 292 ( 7.4%) |
| Median Home Value | $306,281 |
| Average Home Value | $328,313 |
Housing Distribution
Address Breakdown
Residential
4,032
Single Family
3,936
Multi-Family
96
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Lou Clendenin • BOLD Real Estate Group
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20242703
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.