416 Turner StKilgoreTX75662
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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 Kilgore at 416 Turner St, Kilgore, TX, 75662 generates $1,224/mo in rent and, after a $793/mo payment, leaves $72/mo in cash flow. Total monthly income is $1,224/mo, and annual cash flow is $863/yr on $53,703 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 9.07% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 112.67% and total cumulative return in cash sums $60,509. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,224/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75662, Kilgore, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,541 (100%) |
| Owner Occupied HU | 6,956 (66.0%) |
| Renter Occupied HU | 2,676 (25.4%) |
| Vacant Housing Units | 909 ( 8.6%) |
| Median Home Value | $206,140 |
| Average Home Value | $252,139 |
Housing Distribution
Address Breakdown
Residential
9,980
Single Family
9,235
Multi-Family
745
Businesses
928
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Listed by: Tricia Marshburn • Texas Real Estate Executives-Gilmer
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25005953
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.