3864 S Texas State Hwy #37Mount VernonTX75457
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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 Mount Vernon at 3864 S Texas State Hwy #37, Mount Vernon, TX, 75457 generates $2,520/mo in rent and, after a $1,459/mo payment, leaves $400/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $4,805/yr on $98,787 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 10.15% on a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 130.15% and total cumulative return in cash sums $128,576. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
3.00 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75457, Mount Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,078 (100%) |
| Owner Occupied HU | 1,841 (59.8%) |
| Renter Occupied HU | 667 (21.7%) |
| Vacant Housing Units | 570 (18.5%) |
| Median Home Value | $287,695 |
| Average Home Value | $355,964 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
292
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Listed by: Steve Asay • Century 21 Butler Real Estate
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25008860
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.