507 Pendleton StFarmersvilleTX75442
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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 Farmersville at 507 Pendleton St, Farmersville, TX, 75442 priced at $240,000 converts $2,028/mo rent into $298/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,028/mo, and annual cash flow totals $3,574/yr on $79,560 invested. Return on cash invested prints 24.4% in year one, and rental yield reads 10.14% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 128.25% and total cumulative return in cash sums $102,038. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,028/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75442, Farmersville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,526 (75.2%) |
| Renter Occupied HU | 874 (18.6%) |
| Vacant Housing Units | 291 ( 6.2%) |
| Median Home Value | $433,645 |
| Average Home Value | $465,152 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,629
Multi-Family
195
Businesses
345
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Listed by: Will Clark • OmniKey Realty, LLC.
Mls Name: NTREIS
Mls ID: #20820357
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.