622 Cardinal Way CirBrookelandTX75931
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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 Brookeland at 622 Cardinal Way Cir, Brookeland, TX, 75931 with 5% annual appreciation on a $138,000 basis while $2,348/mo rent supports operations. Total monthly income totals $2,348/mo and a $675/mo payment preserves $1,367/mo for cash returns. Annual cash flow comes to $16,405/yr on $45,747 deployed, and return on cash invested reaches 55.77% in year one. Equity gained on principal adds $890/yr, and five-year appreciation sums $38,127 alongside rental yield of 20.42%. Five-year ROI measures 296.43% and total cumulative return in cash totals $135,606.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,348/mo property income versus a $675/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in N/A
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75931, Brookeland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,018 (100%) |
| Owner Occupied HU | 932 (46.2%) |
| Renter Occupied HU | 148 ( 7.3%) |
| Vacant Housing Units | 938 (46.5%) |
| Median Home Value | $265,132 |
| Average Home Value | $309,654 |
Housing Distribution
Address Breakdown
Residential
1,581
Single Family
1,581
Multi-Family
0
Businesses
75
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Listed by: Jessica N Stevenson • Rayburn Realty
Mls Name: TAR MLS
Mls ID: #210958
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-13 01:42:45 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.