725 Cove PlLongviewTX75604
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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
Rental property for sale in Longview at 725 Cove Pl, Longview, TX, 75604 priced at $319,500 converts $2,722/mo rent into $310/mo cash flow after a $1,564/mo obligation. Total monthly income equals $2,722/mo, and annual cash flow totals $3,717/yr on $105,914 invested. Return on cash invested prints 23.42% in year one, and rental yield reads 10.22% against a $319,500 entry. Equity gained on principal adds $2,062/yr, while 5% annual appreciation compiles into $88,272 by year five. Five-year ROI reaches 123.45% and total cumulative return in cash sums $130,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,722/mo property income covering a $1,564/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,013 sqft lot
$N/A/sqft
$1,680 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75604, Longview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,204 (100%) |
| Owner Occupied HU | 7,220 (54.7%) |
| Renter Occupied HU | 5,051 (38.3%) |
| Vacant Housing Units | 933 ( 7.1%) |
| Median Home Value | $219,899 |
| Average Home Value | $227,501 |
Housing Distribution
Address Breakdown
Residential
12,674
Single Family
11,078
Multi-Family
1,596
Businesses
1,254
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Listed by: Jeff Ramsey • Ramsey Realty Group - Longview
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25010883
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.