703 Fm 1799MineolaTX75773
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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 Mineola at 703 Fm 1799, Mineola, TX, 75773 generates $2,939/mo in rent and, after a $1,713/mo payment, leaves $450/mo in cash flow. Total monthly income is $2,939/mo, and annual cash flow is $5,405/yr on $115,992 invested. Return on cash invested sits at 24.57% in year one, and rental yield is 10.08% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 129.07% and total cumulative return in cash sums $149,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,939/mo property income rather than buyer’s personal income.
Single Family
Built in 1913
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75773, Mineola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,602 (100%) |
| Owner Occupied HU | 4,425 (67.0%) |
| Renter Occupied HU | 1,415 (21.4%) |
| Vacant Housing Units | 762 (11.5%) |
| Median Home Value | $226,528 |
| Average Home Value | $273,507 |
Housing Distribution
Address Breakdown
Residential
6,104
Single Family
5,860
Multi-Family
244
Businesses
565
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Listed by: Kelly Vessels • Exit Realty Pro
Mls Name: NTREIS
Mls ID: #21036775
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.