602 Park Place LnTempleTX76504
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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 Temple at 602 Park Place Ln, Temple, TX, 76504 with 5% annual appreciation on a $319,500 basis while $1,961/mo rent supports operations. 38% in year one. Equity gained on principal adds $2,062/yr, and five-year appreciation sums $88,272 alongside rental yield of 7.37%. Five-year ROI measures 85.15% and total cumulative return in cash totals $90,182. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,961/mo property income versus a $1,564/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2015
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76504, Temple, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,346 (100%) |
| Owner Occupied HU | 4,802 (36.0%) |
| Renter Occupied HU | 7,272 (54.5%) |
| Vacant Housing Units | 1,272 ( 9.5%) |
| Median Home Value | $208,864 |
| Average Home Value | $274,573 |
Housing Distribution
Address Breakdown
Residential
11,800
Single Family
8,424
Multi-Family
3,376
Businesses
1,106
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Listed by: Paula Golden • Covington Real Estate, Inc.
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #567441
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2025 Central Texas MLS, All Rights Reserved.