514 Canton AveWills PointTX75169
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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
Investment property for sale in Wills Point at 514 Canton Ave, Wills Point, TX, 75169 offers a 8.63% rental yield on a $265,000 purchase with $1,906/mo rent. Total monthly income registers $1,906/mo, and a $1,297/mo payment leaves $22/mo available for distribution. Annual cash flow reaches $259/yr on $87,848 to close, and return on cash invested stands at 20.2% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 105.65% and total cumulative return in cash at $92,811. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,906/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Jessica Banales • Only 1 Realty Group Dallas
Mls Name: NTREIS
Mls ID: #21052509