655 Piney Point DrMilamTX75959
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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 Milam at 655 Piney Point Dr, Milam, TX, 75959 uses $38,123 cash to close to unlock $541/yr annual cash flow and $45/mo monthly cash flow. Total monthly income runs $863/mo, and a $563/mo payment keeps the spread at $45/mo. Purchase price stands at $115,000, and rental yield measures 9.01% with $863/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 111.77% and total cumulative return in cash records $42,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75959, Milam, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 719 (100%) |
| Owner Occupied HU | 365 (50.8%) |
| Renter Occupied HU | 40 ( 5.6%) |
| Vacant Housing Units | 314 (43.7%) |
| Median Home Value | $183,203 |
| Average Home Value | $236,808 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
481
Multi-Family
0
Businesses
34
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