703 S Evans StLittle River AcademyTX76554
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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 Little River Academy at 703 S Evans St, Little River Academy, TX, 76554 offers a 16.4% rental yield on a $119,000 purchase with $1,626/mo rent. Total monthly income registers $1,626/mo, and a $582/mo payment leaves $780/mo available for distribution. Annual cash flow reaches $9,363/yr on $39,449 to close, and return on cash invested stands at 43.64% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Portfolio math shows five-year ROI at 231.44% and total cumulative return in cash at $91,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,626/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76554, Little River, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 625 (71.8%) |
| Renter Occupied HU | 186 (21.4%) |
| Vacant Housing Units | 59 ( 6.8%) |
| Median Home Value | $280,934 |
| Average Home Value | $327,520 |
Housing Distribution
Address Breakdown
Residential
786
Single Family
786
Multi-Family
0
Businesses
75
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Listed by: Jimmy Ashby • Ashby Real Estate Group
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #540830
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.