4615 Carters Ferry Rd EMilamTX75959
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 Milam at 4615 Carters Ferry Rd E, Milam, TX, 75959 offers $1,682/mo rent that, after a $1,370/mo payment. Total monthly income is $1,682/mo. Return on cash invested measures 15.92% in year one, and rental yield stands at 7.21% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 82.69% and total cumulative return in cash reaches $76,749. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,682/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75959, Milam, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 719 (100%) |
| Owner Occupied HU | 365 (50.8%) |
| Renter Occupied HU | 40 ( 5.6%) |
| Vacant Housing Units | 314 (43.7%) |
| Median Home Value | $183,203 |
| Average Home Value | $236,808 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
481
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Shane S Allman • Allman Company Toledo Bend
Mls Name: TAR MLS
Mls ID: #211401
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-12-26 20:09:36 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.