615 N Lamar StTiogaTX76271
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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 Tioga at 615 N Lamar St, Tioga, TX, 76271 priced at $400,000 converts $2,397/mo rent into after a $1,958/mo obligation. Total monthly income equals $2,397/mo. Return on cash invested prints 15.86% in year one, and rental yield reads 7.19% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 82.36% and total cumulative return in cash sums $109,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,397/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76271, Tioga, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 838 (100%) |
| Owner Occupied HU | 653 (77.9%) |
| Renter Occupied HU | 140 (16.7%) |
| Vacant Housing Units | 45 ( 5.4%) |
| Median Home Value | $357,692 |
| Average Home Value | $420,819 |
Housing Distribution
Address Breakdown
Residential
695
Single Family
680
Multi-Family
15
Businesses
93
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