602 N Water St #FM-1752SavoyTX75479
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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
Total monthly income runs $1,799/mo, and a $4,282/mo payment. Purchase price stands at $874,900, and rental yield measures 2.47% with $1,799/mo rent. Return on cash invested shows 1.62% in year one, and 5% annual appreciation builds toward $241,719 over five years. Five-year ROI reaches 5.97% and total cumulative return in cash records $17,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,799/mo property income covering a $4,282/mo payment rather than investor’s personal income.
Single Family
Built in 2018
37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75479, Savoy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 709 (73.6%) |
| Renter Occupied HU | 141 (14.6%) |
| Vacant Housing Units | 113 (11.7%) |
| Median Home Value | $245,962 |
| Average Home Value | $365,321 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
48
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