808 S Merrill StNew 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 S Merrill St, New Boston, TX, 75570 generates $1,387/mo in rent and, after a $857/mo payment, leaves $105/mo in cash flow. Total monthly income is $1,387/mo, and annual cash flow is $1,262/yr on $58,013 invested. Return on cash invested sits at 22.08% in year one, and rental yield is 9.51% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 116.1% and total cumulative return in cash sums $67,351. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,387/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
6,098 sqft 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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Listed by: Tracy Spradlin • Impact Realty Group, LLC
Mls Name: TMLS
Mls ID: #116296
Disclaimer: Copyright Texarkana Board of Realtors. Information is deemed reliable but not guaranteed.