402 Gay AvePalestineTX75801
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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 Palestine at 402 Gay Ave, Palestine, TX, 75801 at $124,900 posts ROI 23.19% with $113/mo cash flow from $1,001/mo rent. Total monthly income equals $1,001/mo, and annual cash flow records $1,358/yr on $41,404 to close. Return on cash invested measures 23.19% and rental yield reads 9.62% at the current $124,900. Equity gained on principal adds $806/yr, and 5% annual appreciation supports $34,508 by year five. Five-year ROI prints 121.75% and total cumulative return in cash totals $50,410.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,001/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
10,367 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75801, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,555 (100%) |
| Owner Occupied HU | 4,178 (55.3%) |
| Renter Occupied HU | 2,475 (32.8%) |
| Vacant Housing Units | 902 (11.9%) |
| Median Home Value | $182,082 |
| Average Home Value | $242,206 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,456
Multi-Family
817
Businesses
867
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