511 Park DrNew BostonTX75570
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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 Boston at 511 Park Dr, New Boston, TX, 75570 priced at $193,534 pairs $1,774/mo rent with $398/mo cash flow after a $947/mo payment. Total monthly income equals $1,774/mo, and annual cash flow comes to $4,776/yr on $64,157 invested. Return on cash invested is 27.35% in year one, and rental yield stands at 11% on a $193,534 basis. Equity gained on principal adds $1,249/yr, and 5% annual appreciation accumulates to $53,470 by year five. Five-year ROI measures 143.96% and total cumulative return in cash reaches $92,358. For financing, Ziffy Mortgage’s DSCR program evaluates $1,774/mo property income against a $947/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75570, New Boston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,377 (61.0%) |
| Renter Occupied HU | 1,165 (29.9%) |
| Vacant Housing Units | 353 ( 9.1%) |
| Median Home Value | $199,907 |
| Average Home Value | $219,324 |
Housing Distribution
Address Breakdown
Residential
3,675
Single Family
3,585
Multi-Family
90
Businesses
366
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Listed by: N/A • N/A
Mls Name: Exit Realty
Mls Provider:
Mls ID: #20717295