650 Cassidy DrHemphillTX75948
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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 Hemphill at 650 Cassidy Dr, Hemphill, TX, 75948 uses $65,969 cash to close to unlock $1,583/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $1,547/mo, and a $974/mo payment keeps the spread at $132/mo. Purchase price stands at $199,000, and rental yield measures 9.33% with $1,547/mo rent. Return on cash invested shows 22.31% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 116.9% and total cumulative return in cash records $77,118. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,547/mo property income covering a $974/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75948, Hemphill, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,133 (100%) |
| Owner Occupied HU | 2,405 (46.9%) |
| Renter Occupied HU | 357 ( 7.0%) |
| Vacant Housing Units | 2,371 (46.2%) |
| Median Home Value | $223,169 |
| Average Home Value | $281,982 |
Housing Distribution
Address Breakdown
Residential
3,413
Single Family
3,413
Multi-Family
0
Businesses
324
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Listed by: Stephanie Corley • Allman Company
Mls Name: LAR
Mls Provider:
Mls ID: #5103939
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.