615 Grandview DrCorsicanaTX75109
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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 Corsicana at 615 Grandview Dr, Corsicana, TX, 75109 priced at $769,000 converts $2,474/mo rent into after a $3,764/mo obligation. Total monthly income equals $2,474/mo. Return on cash invested prints 5.66% in year one, and rental yield reads 3.86% against a $769,000 entry. Equity gained on principal adds $4,962/yr, while 5% annual appreciation compiles into $212,461 by year five. Five-year ROI reaches 27.68% and total cumulative return in cash sums $70,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,474/mo property income covering a $3,764/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.96 Acres lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75109, Corsicana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,693 (70.8%) |
| Renter Occupied HU | 334 (14.0%) |
| Vacant Housing Units | 364 (15.2%) |
| Median Home Value | $284,255 |
| Average Home Value | $384,066 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,219
Multi-Family
0
Businesses
117
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Listed by: Judith Barron • RA Brokers
Mls Name: NTREIS
Mls ID: #20792633
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.