407 N Files St, Itasca, TX, 76055 | $90/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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407 N Files St, Itasca, TX, 76055 | $90/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Itasca at 407 N Files St, Itasca, TX, 76055 offers a 9.19% rental yield on a $165,000 purchase with $1,264/mo rent. Total monthly income registers $1,264/mo, and a $808/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,083/yr on $54,698 to close, and return on cash invested stands at 21.89% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 114.72% and total cumulative return in cash at $62,747. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,264/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1970

5,793 sqft lot

$N/A/sqft

No HOA

More details about the property

Very cute small-town home! This little 1284 square foot property has 2 large bedrooms, 2 very nice size bathrooms in which primary has a large walk-in closet, a 15 x 19 living area with large windows, and a great size dining room kitchen with built in wood cabinets and pantry and separate laundry area. It has a terrific 5 x 16 covered patio in front to enjoy that morning coffee and watch the kids walk to school and a 10 x 20 covered patio in back for those family events. This property offers a 10 x 25 workshop that with some work could be a terrific in-law suite or she shed. Don't miss the opportunity to make this yours! Buyer and buyer's agent will need to verify all information including but not limited to measurements. All information deemed reliable but not guaranteed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76055, Itasca, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,230 (100%)
Owner Occupied HU	809 (65.8%)
Renter Occupied HU	250 (20.3%)
Vacant Housing Units	171 (13.9%)
Median Home Value	$197,877
Average Home Value	$264,509