550 E Mountain Rd #BLongviewTX75604
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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 Longview at 550 E Mountain Rd #B, Longview, TX, 75604 priced at $245,750 converts $1,314/mo rent into after a $1,203/mo obligation. Total monthly income equals $1,314/mo. Return on cash invested prints 13.52% in year one, and rental yield reads 6.42% against a $245,750 entry. Equity gained on principal adds $1,586/yr, while 5% annual appreciation compiles into $67,896 by year five. Five-year ROI reaches 69.84% and total cumulative return in cash sums $56,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,314/mo property income covering a $1,203/mo payment, not borrower’s personal income.
Single Family
Built in 2017
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
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Listed by: Diane M Brewer • Texas Real Estate Executives, The Daniels Group - Gilmer
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20244998
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.