4961 Fm 31 SCarthageTX75633
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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 Carthage at 4961 Fm 31 S, Carthage, TX, 75633 generates $1,436/mo in rent, after a $1,366/mo payment. Total monthly income is $1,436/mo. Return on cash invested sits at 12.79% in year one, and rental yield is 6.18% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 65.91% and total cumulative return in cash sums $60,955. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,436/mo property income rather than buyer’s personal income.
Manufactured
Built in 2010
6.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75633, Carthage, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,417 (100%) |
| Owner Occupied HU | 4,150 (64.7%) |
| Renter Occupied HU | 1,292 (20.1%) |
| Vacant Housing Units | 975 (15.2%) |
| Median Home Value | $202,650 |
| Average Home Value | $247,024 |
Housing Distribution
Address Breakdown
Residential
6,281
Single Family
6,052
Multi-Family
229
Businesses
828
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Listed by: Debby Cannon • Keller Williams Realty-Tyler
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25001747
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.