709 S Houston StNewtonTX75966
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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
Rental property for sale in Newton at 709 S Houston St, Newton, TX, 75966 priced at $300,000 pairs $2,468/mo rent with $335/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,468/mo, and annual cash flow comes to $4,020/yr on $99,450 invested. Return on cash invested is 23.95% in year one, and rental yield stands at 9.87% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 125.71% and total cumulative return in cash reaches $125,016. For financing, Ziffy Mortgage’s DSCR program evaluates $2,468/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75966, Newton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,041 (100%) |
| Owner Occupied HU | 1,399 (68.5%) |
| Renter Occupied HU | 303 (14.8%) |
| Vacant Housing Units | 339 (16.6%) |
| Median Home Value | $103,840 |
| Average Home Value | $142,336 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,586
Multi-Family
2
Businesses
157
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