603 N McKinney StEnnisTX75119
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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 Ennis at 603 N McKinney St, Ennis, TX, 75119 offers $937/mo rent that, after a $593/mo payment. Total monthly income is $937/mo. Return on cash invested measures 13.75% in year one, and rental yield stands at 9.28% at a $121,200 entry. Equity gained on principal adds $782/yr while 5% annual appreciation compounds into $33,485 by year five. Five-year ROI records 74.1% and total cumulative return in cash reaches $29,772. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $937/mo property income versus a $593/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1944
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Housing Distribution
Address Breakdown
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
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