708 Parkridge DrDecaturTX76234
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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 Decatur at 708 Parkridge Dr, Decatur, TX, 76234 uses $102,765 cash to close to unlock $2,950/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,450/mo, and a $1,517/mo payment keeps the spread at $246/mo. Purchase price stands at $310,000, and rental yield measures 9.48% with $2,450/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 119.44% and total cumulative return in cash records $122,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,450/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1993
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76234, Decatur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,060 (100%) |
| Owner Occupied HU | 5,721 (71.0%) |
| Renter Occupied HU | 1,737 (21.6%) |
| Vacant Housing Units | 602 ( 7.5%) |
| Median Home Value | $402,786 |
| Average Home Value | $464,320 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,756
Multi-Family
318
Businesses
1,018
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Listed by: Cason Caraway • Post Oak Realty- West
Mls Name: NTREIS
Mls ID: #20936789
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.