505 N 5th St, Corsicana, TX, 75110 | $45/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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505 N 5th St, Corsicana, TX, 75110 | $45/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corsicana at 505 N 5th St, Corsicana, TX, 75110 uses $34,808 cash to close to unlock $543/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $792/mo, and a $514/mo payment keeps the spread at $45/mo. Purchase price stands at $105,000, and rental yield measures 9.05% with $792/mo rent. Return on cash invested shows 21.47% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 112.53% and total cumulative return in cash records $39,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $792/mo property income covering a $514/mo payment rather than investor’s personal income.

Single Family

Built in 1930

4,704 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Opportunity with Significant Value-Add Potential in Corsicana, TX! This property presents a compelling opportunity for investors seeking a full renovation project with clear upside. The home features a functional layout and original hardwood floors, offering a desirable architectural element that can be restored and highlighted as part of a thoughtful rehab. The property will require repairs, including mold present in the back room, roof damage over the bathroom, and possible foundation issues. These known and suspected conditions are reflected in the pricing and create a defined scope of work for buyers prepared to renovate and add value. Corsicana continues to attract demand for updated housing, and renovated homes in the area perform well across both resale and rental markets. With limited renovated inventory available, this property offers investors the opportunity to improve, reposition, and capitalize on ongoing buyer demand. Ideal for experienced investors, rehabbers, or cash buyers looking for their next project. Bring your contractor, evaluate the scope, and unlock the potential this property has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 75110, Corsicana, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,123 (100%)
Owner Occupied HU	6,585 (54.3%)
Renter Occupied HU	4,309 (35.5%)
Vacant Housing Units	1,229 (10.1%)
Median Home Value	$188,356
Average Home Value	$254,696