519 Main StNewtonTX75966
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newton at 519 Main St, Newton, TX, 75966 priced at $269,000 converts $1,847/mo rent into after a $1,317/mo obligation. Total monthly income equals $1,847/mo. Return on cash invested prints 19.02% in year one, and rental yield reads 8.24% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 99.28% and total cumulative return in cash sums $88,535. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,847/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 1945
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75966, Newton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,041 (100%) |
| Owner Occupied HU | 1,399 (68.5%) |
| Renter Occupied HU | 303 (14.8%) |
| Vacant Housing Units | 339 (16.6%) |
| Median Home Value | $103,840 |
| Average Home Value | $142,336 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,586
Multi-Family
2
Businesses
157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices