508 S Monroe AveNew DealTX79350
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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 New Deal at 508 S Monroe Ave, New Deal, TX, 79350 generates $922/mo in rent and, after a $582/mo payment, leaves $56/mo in cash flow. Total monthly income is $922/mo, and annual cash flow is $667/yr on $39,449 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 9.3% on a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 113.39% and total cumulative return in cash sums $44,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $922/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79350, New Deal, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34 (100%) |
| Owner Occupied HU | 20 (58.8%) |
| Renter Occupied HU | 5 (14.7%) |
| Vacant Housing Units | 9 (26.5%) |
| Median Home Value | $233,333 |
| Average Home Value | $266,625 |
Housing Distribution
Address Breakdown
Residential
2
Single Family
2
Multi-Family
0
Businesses
25
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Listed by: Linda Day • Coldwell Banker Trusted Adviso
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552158
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.