607 E Park AvePalestineTX75801
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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 Palestine at 607 E Park Ave, Palestine, TX, 75801 earns $432/mo cash flow from $1,847/mo rent with a $974/mo payment. Total monthly income totals $1,847/mo, and annual cash flow totals $5,183/yr on $65,969 capital. ROI tracks 27.77% on current figures, and rental yield reads 11.14% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 146.19% and total cumulative return in cash sums $96,438. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,847/mo property income instead of your personal income.
Single Family
Built in 1915
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75801, Palestine, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,555 (100%) |
| Owner Occupied HU | 4,178 (55.3%) |
| Renter Occupied HU | 2,475 (32.8%) |
| Vacant Housing Units | 902 (11.9%) |
| Median Home Value | $182,082 |
| Average Home Value | $242,206 |
Housing Distribution
Address Breakdown
Residential
7,273
Single Family
6,456
Multi-Family
817
Businesses
867
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Listed by: Cortney Caylor • Charitable Realty
Mls Name: NTREIS
Mls ID: #20827319
Disclaimer: 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.