602 S Main StFarmersvilleTX75442
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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 Farmersville at 602 S Main St, Farmersville, TX, 75442 generates $2,909/mo in rent, after a $3,328/mo payment. Total monthly income is $2,909/mo. Return on cash invested sits at 9.73% in year one, and rental yield is 5.13% on a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 49.43% and total cumulative return in cash sums $110,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75442, Farmersville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,691 (100%) |
| Owner Occupied HU | 3,526 (75.2%) |
| Renter Occupied HU | 874 (18.6%) |
| Vacant Housing Units | 291 ( 6.2%) |
| Median Home Value | $433,645 |
| Average Home Value | $465,152 |
Housing Distribution
Address Breakdown
Residential
4,824
Single Family
4,629
Multi-Family
195
Businesses
345
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Listed by: Eva Tsai • Keller Williams Central
Mls Name: NTREIS
Mls ID: #21109857