408 E 3rd StMount PleasantTX75455
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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 Mount Pleasant at 408 E 3rd St, Mount Pleasant, TX, 75455 generates $2,082/mo in rent and, after a $1,370/mo payment, leaves $65/mo in cash flow. Total monthly income is $2,082/mo, and annual cash flow is $774/yr on $92,820 invested. Return on cash invested sits at 20.74% in year one, and rental yield is 8.92% on a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 108.66% and total cumulative return in cash sums $100,857. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,082/mo property income rather than buyer’s personal income.
Single Family
Built in 1917
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75455, Mount Pleasant, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,571 (100%) |
| Owner Occupied HU | 6,651 (62.9%) |
| Renter Occupied HU | 3,006 (28.4%) |
| Vacant Housing Units | 914 ( 8.6%) |
| Median Home Value | $203,465 |
| Average Home Value | $255,631 |
Housing Distribution
Address Breakdown
Residential
10,216
Single Family
10,005
Multi-Family
211
Businesses
902
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Listed by: Curtis Swaringam • Apex Brokerage LLC
Mls Name: NTREIS
Mls ID: #20962457
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.