383 Sanders RdLongviewTX75603
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 Longview at 383 Sanders Rd, Longview, TX, 75603 priced at $220,000 pairs $3,248/mo rent with $1,683/mo cash flow after a $1,077/mo payment. Total monthly income equals $3,248/mo, and annual cash flow comes to $20,200/yr on $72,930 invested. Return on cash invested is 47.61% in year one, and rental yield stands at 17.72% on a $220,000 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 252.62% and total cumulative return in cash reaches $184,235. For financing, Ziffy Mortgage’s DSCR program evaluates $3,248/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75603, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,094 (72.5%) |
| Renter Occupied HU | 375 (13.0%) |
| Vacant Housing Units | 420 (14.5%) |
| Median Home Value | $259,846 |
| Average Home Value | $278,822 |
Housing Distribution
Address Breakdown
Residential
2,670
Single Family
2,549
Multi-Family
121
Businesses
200
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karina Fuertes • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20240769
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.