503 E Buchanan AveLongviewTX75602
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
Investment property for sale in Longview at 503 E Buchanan Ave, Longview, TX, 75602 earns $673/mo cash flow from $1,526/mo rent with a $587/mo payment. Total monthly income totals $1,526/mo, and annual cash flow totals $8,079/yr on $39,747 capital. ROI tracks 40.23% on current figures, and rental yield reads 15.27% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 213.15% and total cumulative return in cash sums $84,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,526/mo property income instead of your personal income.
Single Family
Built in 1934
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices