403 Bill Rowe RdNewtonTX75966
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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 Newton at 403 Bill Rowe Rd, Newton, TX, 75966 generates $986/mo in rent and, after a $636/mo payment, leaves $62/mo in cash flow. Total monthly income is $986/mo, and annual cash flow is $742/yr on $43,095 invested. Return on cash invested sits at 21.63% in year one, and rental yield is 9.1% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 113.28% and total cumulative return in cash sums $48,819. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $986/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75966, Newton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,041 (100%) |
| Owner Occupied HU | 1,399 (68.5%) |
| Renter Occupied HU | 303 (14.8%) |
| Vacant Housing Units | 339 (16.6%) |
| Median Home Value | $103,840 |
| Average Home Value | $142,336 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,586
Multi-Family
2
Businesses
157
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Listed by: Carolyn Whitney • JLA Realty
Mls Name: LAR
Mls Provider:
Mls ID: #4211269
Disclaimer: IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.