63 Phase Pr #6-42107EvantTX76525
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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 Evant at 63 Phase Pr #6-42107, Evant, TX, 76525 generates $938/mo in rent and, after a $568/mo payment, leaves $92/mo in cash flow. Total monthly income is $938/mo, and annual cash flow is $1,104/yr on $38,454 invested. Return on cash invested sits at 22.78% in year one, and rental yield is 9.7% on a $116,000 entry. Equity gained on principal adds $749/yr, while 5% annual appreciation builds toward $32,049 over five years. Five-year ROI reaches 119.83% and total cumulative return in cash sums $46,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $938/mo property income rather than buyer’s personal income.
Lot
Built in N/A
10.01 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76525, Evant, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 626 (100%) |
| Owner Occupied HU | 371 (59.3%) |
| Renter Occupied HU | 75 (12.0%) |
| Vacant Housing Units | 180 (28.8%) |
| Median Home Value | $297,115 |
| Average Home Value | $415,566 |
Housing Distribution
Address Breakdown
Residential
494
Single Family
494
Multi-Family
0
Businesses
47
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Listed by: Lindy Burks • BURKS REAL ESTATE
Mls Name: NTREIS
Mls ID: #20659155
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.