402 N Smithland StLindenTX75563
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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 Linden at 402 N Smithland St, Linden, TX, 75563 uses $91,163 cash to close to unlock $14,753/yr annual cash flow and $1,229/mo monthly cash flow. Total monthly income runs $3,185/mo, and a $1,346/mo payment keeps the spread at $1,229/mo. Purchase price stands at $275,000, and rental yield measures 13.9% with $3,185/mo rent. Return on cash invested shows 36.09% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 190.85% and total cumulative return in cash records $173,987. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,185/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75563, Linden, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,168 (100%) |
| Owner Occupied HU | 1,386 (63.9%) |
| Renter Occupied HU | 428 (19.7%) |
| Vacant Housing Units | 354 (16.3%) |
| Median Home Value | $154,348 |
| Average Home Value | $213,166 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,600
Multi-Family
24
Businesses
146
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Listed by: Susan Jackson • Century 21 Platinum Partners
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24007933
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.