389 IllinoisChina SpringTX76633
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
Investment property for sale in China Spring at 389 Illinois, China Spring, TX, 76633 at $225,000 posts ROI 20.7% with $49/mo cash flow from $1,649/mo rent. Total monthly income equals $1,649/mo, and annual cash flow records $591/yr on $74,588 to close. Return on cash invested measures 20.7% and rental yield reads 8.79% at the current $225,000. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 by year five. Five-year ROI prints 108.34% and total cumulative return in cash totals $80,805.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,649/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1981
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76633, China Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,597 (100%) |
| Owner Occupied HU | 2,158 (83.1%) |
| Renter Occupied HU | 328 (12.6%) |
| Vacant Housing Units | 111 ( 4.3%) |
| Median Home Value | $377,951 |
| Average Home Value | $449,516 |
Housing Distribution
Address Breakdown
Residential
2,249
Single Family
2,249
Multi-Family
0
Businesses
139
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Nearby investment properties with comparable prices
Listed by: Kristy Hollingsworth • Rockin' KH Properties, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #226806
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-11-22 22:24:49 PST