407 E Jefferson StJeffersonTX75657
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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 Jefferson at 407 E Jefferson St, Jefferson, TX, 75657 offers $1,272/mo rent that, after a $2,408/mo payment. Total monthly income is $1,272/mo. Return on cash invested measures 3.53% in year one, and rental yield stands at 3.1% at a $492,000 entry. Equity gained on principal adds $3,175/yr while 5% annual appreciation compounds into $135,931 by year five. Five-year ROI records 16.22% and total cumulative return in cash reaches $26,452. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,272/mo property income versus a $2,408/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1850
-21780 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75657, Jefferson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,176 (100%) |
| Owner Occupied HU | 2,660 (63.7%) |
| Renter Occupied HU | 772 (18.5%) |
| Vacant Housing Units | 744 (17.8%) |
| Median Home Value | $154,412 |
| Average Home Value | $203,188 |
Housing Distribution
Address Breakdown
Residential
3,785
Single Family
3,761
Multi-Family
24
Businesses
411
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Listed by: Gwyn G Weatherford • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20244864
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.