3602 Austin AveGreenvilleTX75402
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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 Greenville at 3602 Austin Ave, Greenville, TX, 75402 with 5% annual appreciation on a $180,000 basis while $2,609/mo rent supports operations. Total monthly income totals $2,609/mo and a $881/mo payment preserves $1,304/mo for cash returns. Annual cash flow comes to $15,642/yr on $59,670 deployed, and return on cash invested reaches 46.12% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 17.39%. Five-year ROI measures 244.85% and total cumulative return in cash totals $146,105.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,609/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
10,624 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75402, Greenville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,540 (100%) |
| Owner Occupied HU | 5,949 (62.4%) |
| Renter Occupied HU | 2,880 (30.2%) |
| Vacant Housing Units | 711 ( 7.5%) |
| Median Home Value | $277,345 |
| Average Home Value | $330,083 |
Housing Distribution
Address Breakdown
Residential
8,938
Single Family
7,519
Multi-Family
1,419
Businesses
709
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Listed by: Mordecai Bediako • MARK SPAIN REAL ESTATE
Mls Name: NTREIS
Mls ID: #20661316
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.