824 Fairway DrLongviewTX75604
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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 824 Fairway Dr, Longview, TX, 75604 priced at $134,999 converts $1,043/mo rent into $83/mo cash flow after a $661/mo obligation. Total monthly income equals $1,043/mo, and annual cash flow totals $993/yr on $44,752 invested. Return on cash invested prints 22.13% in year one, and rental yield reads 9.27% against a $134,999 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 115.97% and total cumulative return in cash sums $51,900. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,043/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1940
9,500 sqft lot
$N/A/sqft
No 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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