700 ChoctawQuitmanTX75783
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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 Quitman at 700 Choctaw, Quitman, TX, 75783 generates $1,198/mo in rent and, after a $685/mo payment, leaves $151/mo in cash flow. Total monthly income is $1,198/mo, and annual cash flow is $1,811/yr on $46,377 invested. Return on cash invested sits at 23.81% in year one, and rental yield is 10.28% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 125.47% and total cumulative return in cash sums $58,191. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,198/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
0.34 Acres lot
$N/A/sqft
$624 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75783, Quitman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,332 (100%) |
| Owner Occupied HU | 2,852 (65.8%) |
| Renter Occupied HU | 697 (16.1%) |
| Vacant Housing Units | 783 (18.1%) |
| Median Home Value | $229,260 |
| Average Home Value | $377,568 |
Housing Distribution
Address Breakdown
Residential
3,732
Single Family
3,641
Multi-Family
91
Businesses
364
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