755 Carters Ferry Rd EMilamTX75959
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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
Investment property for sale in Milam at 755 Carters Ferry Rd E, Milam, TX, 75959 at $119,000 posts ROI 43.95% with $790/mo cash flow from $1,636/mo rent. Total monthly income equals $1,636/mo, and annual cash flow records $9,483/yr on $39,449 to close. Return on cash invested measures 43.95% and rental yield reads 16.5% at the current $119,000. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 by year five. Five-year ROI prints 233.06% and total cumulative return in cash totals $91,937.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,636/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75959, Milam, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 719 (100%) |
| Owner Occupied HU | 365 (50.8%) |
| Renter Occupied HU | 40 ( 5.6%) |
| Vacant Housing Units | 314 (43.7%) |
| Median Home Value | $183,203 |
| Average Home Value | $236,808 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
481
Multi-Family
0
Businesses
34
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Nearby investment properties with comparable prices
Listed by: Sheilah Martin • Martin's Real Estate Team
Mls Name: TAR MLS
Mls ID: #210697
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-13 04:12:51 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.