429 Country Living DrNewarkTX76071
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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 Newark at 429 Country Living Dr, Newark, TX, 76071 offers $1,524/mo rent that, after a $967/mo payment, leaves $119/mo cash flow. Total monthly income is $1,524/mo, and annual cash flow is $1,431/yr on $65,471 cash. Return on cash invested measures 22.09% in year one, and rental yield stands at 9.26% at a $197,500 entry. Equity gained on principal adds $1,274/yr while 5% annual appreciation compounds into $54,566 by year five. Five-year ROI records 115.84% and total cumulative return in cash reaches $75,843. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,524/mo property income versus a $967/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2002
8,537 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Housing Distribution
Address Breakdown
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
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Listed by: Andrea Pratt • Keller Williams NO. Collin Cty
Mls Name: NTREIS
Mls ID: #20929586
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.