704 S Jesse Lee StKempTX75143
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 Kemp at 704 S Jesse Lee St, Kemp, TX, 75143 at $249,900 posts ROI 29.38% with $654/mo cash flow from $2,431/mo rent. Total monthly income equals $2,431/mo, and annual cash flow records $7,849/yr on $82,842 to close. Return on cash invested measures 29.38% and rental yield reads 11.67% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 154.91% and total cumulative return in cash totals $128,330.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,431/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75143, Kemp, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,606 (100%) |
| Owner Occupied HU | 4,722 (62.1%) |
| Renter Occupied HU | 1,406 (18.5%) |
| Vacant Housing Units | 1,478 (19.4%) |
| Median Home Value | $251,256 |
| Average Home Value | $302,938 |
Housing Distribution
Address Breakdown
Residential
6,852
Single Family
6,852
Multi-Family
0
Businesses
410
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Listed by: Claudia Marquez • Rise DFW Real Estate
Mls Name: NTREIS
Mls ID: #20763185
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.