702 N Virginia StTerrellTX75160
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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 Terrell at 702 N Virginia St, Terrell, TX, 75160 priced at $220,000 converts $3,457/mo rent into $1,757/mo cash flow after a $1,077/mo obligation. Total monthly income equals $3,457/mo, and annual cash flow totals $21,089/yr on $72,930 invested. Return on cash invested prints 48.83% in year one, and rental yield reads 18.86% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 259.96% and total cumulative return in cash sums $189,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,457/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1965
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75160, Terrell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 6,339 (59.2%) |
| Renter Occupied HU | 3,563 (33.3%) |
| Vacant Housing Units | 799 ( 7.5%) |
| Median Home Value | $313,227 |
| Average Home Value | $338,221 |
Housing Distribution
Address Breakdown
Residential
10,259
Single Family
8,530
Multi-Family
1,729
Businesses
1,261
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Listed by: Ayman Kazmi • Mersal Realty
Mls Name: NTREIS
Mls ID: #20897772
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.