602 Mills StSmithvilleTX78957
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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 Smithville at 602 Mills St, Smithville, TX, 78957 offers a 5.96% rental yield on a $405,000 purchase with $2,010/mo rent. 14% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,894 over five years. Portfolio math shows five-year ROI at 62.39% and total cumulative return in cash at $83,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,010/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1931
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Housing Distribution
Address Breakdown
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
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Listed by: Dawn Kana • Kana Real Estate
Mls Name: Unlock MLS
Mls ID: #3540588