608 N Ellis StNew BostonTX75570
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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 New Boston at 608 N Ellis St, New Boston, TX, 75570 offers $1,397/mo rent that, after a $857/mo payment, leaves $50/mo cash flow. Total monthly income is $1,397/mo, and annual cash flow is $597/yr on $58,013 cash. Return on cash invested measures 20.94% in year one, and rental yield stands at 9.58% at a $175,000 entry. Equity gained on principal adds $1,129/yr while 5% annual appreciation compounds into $48,349 by year five. Five-year ROI records 110.37% and total cumulative return in cash reaches $64,027. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,397/mo property income versus a $857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75570, New Boston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,377 (61.0%) |
| Renter Occupied HU | 1,165 (29.9%) |
| Vacant Housing Units | 353 ( 9.1%) |
| Median Home Value | $199,907 |
| Average Home Value | $219,324 |
Housing Distribution
Address Breakdown
Residential
3,675
Single Family
3,585
Multi-Family
90
Businesses
366
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Listed by: Nicholas Basso • Rip England Premier Realty LLC
Mls Name: TMLS
Mls ID: #118262
Disclaimer: Copyright Texarkana Board of Realtors. Information is deemed reliable but not guaranteed.