445 Cross Creek RdLongviewTX75602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Longview at 445 Cross Creek Rd, Longview, TX, 75602 priced at $149,900 pairs $1,656/mo rent with $590/mo cash flow after a $734/mo payment. Total monthly income equals $1,656/mo, and annual cash flow comes to $7,077/yr on $49,692 invested. Return on cash invested is 34.15% in year one, and rental yield stands at 13.26% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 180.44% and total cumulative return in cash reaches $89,663. For financing, Ziffy Mortgage’s DSCR program evaluates $1,656/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
2.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75602, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,837 (100%) |
| Owner Occupied HU | 4,714 (53.3%) |
| Renter Occupied HU | 3,061 (34.6%) |
| Vacant Housing Units | 1,062 (12.0%) |
| Median Home Value | $127,415 |
| Average Home Value | $228,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,625
Multi-Family
698
Businesses
563
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Nearby investment properties with comparable prices
Listed by: Mercedes Birdsong • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20246637
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.