421 Chancellor DrPalestineTX75803
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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 Palestine at 421 Chancellor Dr, Palestine, TX, 75803 priced at $289,000 converts $2,921/mo rent into $830/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,921/mo, and annual cash flow totals $9,963/yr on $95,804 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 12.13% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 160.02% and total cumulative return in cash sums $153,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,921/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75803, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,231 (100%) |
| Owner Occupied HU | 4,883 (67.5%) |
| Renter Occupied HU | 1,564 (21.6%) |
| Vacant Housing Units | 784 (10.8%) |
| Median Home Value | $218,045 |
| Average Home Value | $243,064 |
Housing Distribution
Address Breakdown
Residential
6,846
Single Family
6,602
Multi-Family
244
Businesses
114
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Listed by: Cynthia Castleberry • TXNET Properties
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24005188
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.