500 Fannin StMillsapTX76066
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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
Investment property for sale in Millsap at 500 Fannin St, Millsap, TX, 76066 with 5% annual appreciation on a $198,000 basis while $2,526/mo rent supports operations. Total monthly income totals $2,526/mo and a $969/mo payment preserves $1,118/mo for cash returns. Annual cash flow comes to $13,417/yr on $65,637 deployed, and return on cash invested reaches 40.35% in year one. Equity gained on principal adds $1,278/yr, and five-year appreciation sums $54,704 alongside rental yield of 15.31%. Five-year ROI measures 213.75% and total cumulative return in cash totals $140,296.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,526/mo property income versus a $969/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,848 (100%) |
| Owner Occupied HU | 1,410 (76.3%) |
| Renter Occupied HU | 285 (15.4%) |
| Vacant Housing Units | 153 ( 8.3%) |
| Median Home Value | $373,667 |
| Average Home Value | $405,397 |
Housing Distribution
Address Breakdown
Residential
1,678
Single Family
1,678
Multi-Family
0
Businesses
122
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Listed by: William Lane • Parker Properties Real Estate
Mls Name: NTREIS
Mls ID: #20660533
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.