602 Berke StNewarkTX76071
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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 Newark at 602 Berke St, Newark, TX, 76071 priced at $139,000 converts $1,073/mo rent into $85/mo cash flow after a $680/mo obligation. Total monthly income equals $1,073/mo, and annual cash flow totals $1,019/yr on $46,079 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 9.26% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 115.91% and total cumulative return in cash sums $53,408. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,073/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1925
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76071, Newark, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,774 (100%) |
| Owner Occupied HU | 2,305 (83.1%) |
| Renter Occupied HU | 310 (11.2%) |
| Vacant Housing Units | 159 ( 5.7%) |
| Median Home Value | $314,831 |
| Average Home Value | $314,008 |
Housing Distribution
Address Breakdown
Residential
1,845
Single Family
1,818
Multi-Family
27
Businesses
108
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Listed by: Kimberly Kelly • Ready Real Estate
Mls Name: NTREIS
Mls ID: #20881576
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.