713 Fannin St, Millsap, TX, 76066 | 3.96% Rental Yield

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713 Fannin St, Millsap, TX, 76066 | 3.96% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Millsap at 713 Fannin St, Millsap, TX, 76066 offers a 3.96% rental yield on a $885,000 purchase with $2,917/mo rent. 14% in year one. Equity gained on principal adds $5,711/yr while 5% annual appreciation supports $244,509 over five years. Portfolio math shows five-year ROI at 30.22% and total cumulative return in cash at $87,978. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,917/mo property income against a $4,332/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Home Type Unknown

Built in 1965

25.86 Acres lot

$N/A/sqft

No HOA

More details about the property

If youve been searching for the perfect blend of modern comfort and wide-open country space, this property delivers. Nestled on 25.86 rolling acres on the south side of Millsap, this completely remodeled 2,555 sq. ft. ranch-style home offers both charm and functionality. Inside, youll find an open-concept living, dining, and kitchen area designed for gathering. The kitchen features a 36 gas range and an oversized quartz island, perfect for entertaining or enjoying family meals. The home includes 4 bedrooms and 3 full bathrooms, with the luxurious master suite boasting its own dedicated AC system and a spa-like bath complete with a spacious two-person shower. Step outside to discover a property designed for both recreation and practicality. A large covered back porch on the east side of the home provides the perfect spot to relax in the shade on warm Texas afternoons. The land is fully fenced with a brand-new electric gate and entrance, making it ideal for cattle or horses. For those who love to travel, the covered RV storage with built-in dumping station makes coming home from adventures a breeze. Rolling terrain, mature trees, and sweeping views give the property a picturesque quality, while thoughtful upgrades such as spray foam insulation keep the home efficient year-round. Located just 45 minutes west of the DFW Metroplex, this property provides the perfect balance of quiet country living with easy access to the city. Property is listed below the current professionally appraised value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76066, Millsap, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,848 (100%)
Owner Occupied HU	1,410 (76.3%)
Renter Occupied HU	285 (15.4%)
Vacant Housing Units	153 ( 8.3%)
Median Home Value	$373,667
Average Home Value	$405,397