61 Rocky Point RdMount VernonTX75457
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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 Mount Vernon at 61 Rocky Point Rd, Mount Vernon, TX, 75457 priced at $349,500 pairs $1,822/mo rent with after a $1,711/mo payment. Total monthly income equals $1,822/mo. Return on cash invested is 13.03% in year one, and rental yield stands at 6.26% on a $349,500 basis. Equity gained on principal adds $2,255/yr, and 5% annual appreciation accumulates to $96,560 by year five. Five-year ROI measures 67.22% and total cumulative return in cash reaches $77,881. For financing, Ziffy Mortgage’s DSCR program evaluates $1,822/mo property income against a $1,711/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75457, Mount Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,078 (100%) |
| Owner Occupied HU | 1,841 (59.8%) |
| Renter Occupied HU | 667 (21.7%) |
| Vacant Housing Units | 570 (18.5%) |
| Median Home Value | $287,695 |
| Average Home Value | $355,964 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
292
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Listed by: Christie Cannon • Keller Williams Frisco Stars
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24016200
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.