404 N Winnsboro StQuitmanTX75783
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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 Quitman at 404 N Winnsboro St, Quitman, TX, 75783 priced at $249,900 pairs $2,938/mo rent with $1,161/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,938/mo, and annual cash flow comes to $13,933/yr on $82,842 invested. Return on cash invested is 36.73% in year one, and rental yield stands at 14.11% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 194.28% and total cumulative return in cash reaches $160,946. For financing, Ziffy Mortgage’s DSCR program evaluates $2,938/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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Listed by: Gerri Eiles • Quitman Realty
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24009336
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.