446 Norwood StMarlinTX76661
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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 Marlin at 446 Norwood St, Marlin, TX, 76661 priced at $199,900 converts $1,836/mo rent into $372/mo cash flow after a $978/mo obligation. Total monthly income equals $1,836/mo, and annual cash flow totals $4,459/yr on $66,267 invested. Return on cash invested prints 26.64% in year one, and rental yield reads 11.02% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 140.45% and total cumulative return in cash sums $93,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,836/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76661, Marlin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,259 (100%) |
| Owner Occupied HU | 1,536 (47.1%) |
| Renter Occupied HU | 1,020 (31.3%) |
| Vacant Housing Units | 703 (21.6%) |
| Median Home Value | $95,692 |
| Average Home Value | $130,791 |
Housing Distribution
Address Breakdown
Residential
2,712
Single Family
2,571
Multi-Family
141
Businesses
367
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Listed by: Josh Rabalais • Real Estate Connection Int
Mls Name: HAR
Mls Provider:
Mls ID: #77492466
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