602 E 6th StBishopTX78343
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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 Bishop at 602 E 6th St, Bishop, TX, 78343 with 5% annual appreciation on a $205,000 basis while $690/mo rent supports operations. 36% in year one. Equity gained on principal adds $1,323/yr, and five-year appreciation sums $56,638 alongside rental yield of 4.04%. Five-year ROI measures 31.4% and total cumulative return in cash totals $21,342. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $690/mo property income versus a $1,003/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1949
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78343, Bishop, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,903 (100%) |
| Owner Occupied HU | 1,202 (63.2%) |
| Renter Occupied HU | 417 (21.9%) |
| Vacant Housing Units | 284 (14.9%) |
| Median Home Value | $162,143 |
| Average Home Value | $204,020 |
Housing Distribution
Address Breakdown
Residential
1,595
Single Family
1,555
Multi-Family
40
Businesses
98
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Listed by: Joycita Deimler • Coastal Bend Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #455894
Disclaimer: Based on information from South Texas MLS, LLC as of 2025-03-14 00:48:21 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.