808-812 816th SNew BostonTX75570
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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 New Boston at 808-812 816th S, New Boston, TX, 75570 generates $2,462/mo in rent, after a $2,423/mo payment. Total monthly income is $2,462/mo. Return on cash invested sits at 12.17% in year one, and rental yield is 5.97% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 62.55% and total cumulative return in cash sums $102,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,462/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75570, New Boston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,895 (100%) |
| Owner Occupied HU | 2,377 (61.0%) |
| Renter Occupied HU | 1,165 (29.9%) |
| Vacant Housing Units | 353 ( 9.1%) |
| Median Home Value | $199,907 |
| Average Home Value | $219,324 |
Housing Distribution
Address Breakdown
Residential
3,675
Single Family
3,585
Multi-Family
90
Businesses
366
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Nearby investment properties with comparable prices
Listed by: Tracy D Spradlin • Impact Realty Group LLC
Mls Name: LGVBOARD
Mls Provider:
Mls ID: #20240834
Disclaimer: Copyright 2024 Longview Area Association of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.