412 S Somervelle StIredellTX76649
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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 Iredell at 412 S Somervelle St, Iredell, TX, 76649 priced at $105,000 converts $792/mo rent into $45/mo cash flow after a $514/mo obligation. Total monthly income equals $792/mo, and annual cash flow totals $543/yr on $34,808 invested. Return on cash invested prints 21.47% in year one, and rental yield reads 9.05% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 112.53% and total cumulative return in cash sums $39,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $792/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1965
8,015 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76649, Iredell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 264 (56.3%) |
| Renter Occupied HU | 49 (10.4%) |
| Vacant Housing Units | 156 (33.3%) |
| Median Home Value | $188,636 |
| Average Home Value | $222,661 |
Housing Distribution
Address Breakdown
Residential
277
Single Family
277
Multi-Family
0
Businesses
34
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Listed by: Tai Klam • COBB PROPERTIES
Mls Name: NTREIS
Mls ID: #20779863
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.