708 E Pine StEdgewoodTX75117
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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
Investment property for sale in Edgewood at 708 E Pine St, Edgewood, TX, 75117 uses $58,013 cash to close to unlock $8,737/yr annual cash flow and $728/mo monthly cash flow. Total monthly income runs $1,973/mo, and a $857/mo payment keeps the spread at $728/mo. Purchase price stands at $175,000, and rental yield measures 13.53% with $1,973/mo rent. Return on cash invested shows 34.97% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 184.92% and total cumulative return in cash records $107,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,973/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1951
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75117, Edgewood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,288 (69.3%) |
| Renter Occupied HU | 399 (21.5%) |
| Vacant Housing Units | 171 ( 9.2%) |
| Median Home Value | $313,497 |
| Average Home Value | $669,722 |
Housing Distribution
Address Breakdown
Residential
1,581
Single Family
1,559
Multi-Family
22
Businesses
128
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Listed by: Sherry Scott Moore • Century 21 NexGen Realty
Mls Name: NTREIS
Mls ID: #20577694
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.