407 N 3rd StMabankTX75147
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mabank at 407 N 3rd St, Mabank, TX, 75147 uses $38,123 cash to close to unlock $105/yr annual cash flow and $9/mo monthly cash flow. Total monthly income runs $886/mo, and a $563/mo payment keeps the spread at $9/mo. Purchase price stands at $115,000, and rental yield measures 9.25% with $886/mo rent. Return on cash invested shows 20.19% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 106.23% and total cumulative return in cash records $40,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $886/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75147, Mabank, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,477 (65.3%) |
| Renter Occupied HU | 981 (25.9%) |
| Vacant Housing Units | 335 ( 8.8%) |
| Median Home Value | $336,546 |
| Average Home Value | $337,294 |
Housing Distribution
Address Breakdown
Residential
3,698
Single Family
3,622
Multi-Family
76
Businesses
411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Thompson • CENTURY 21 Judge Fite Co.
Mls Name: NTREIS
Mls ID: #21034374
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.