703 Indian GapQuitmanTX75783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Quitman at 703 Indian Gap, Quitman, TX, 75783 with 5% annual appreciation on a $129,000 basis while $1,162/mo rent supports operations. Total monthly income totals $1,162/mo and a $631/mo payment preserves $193/mo for cash returns. Annual cash flow comes to $2,317/yr on $42,764 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $832/yr, and five-year appreciation sums $35,640 alongside rental yield of 10.81%. Five-year ROI measures 133.74% and total cumulative return in cash totals $57,193.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,162/mo property income versus a $631/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2018
10,367 sqft lot
$N/A/sqft
$52 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashleigh Dulaney • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20945544
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.