858 Peter Wilkins RdCorriganTX75939
Nearby investment properties with comparable rents
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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
Investment property for sale in Corrigan at 858 Peter Wilkins Rd, Corrigan, TX, 75939 earns $16/mo cash flow from $2,569/mo rent with a $1,757/mo payment. Total monthly income totals $2,569/mo, and annual cash flow totals $195/yr on $119,009 capital. ROI tracks 20.07% on current figures, and rental yield reads 8.59% at a $359,000 purchase. Equity gained on principal adds $2,317/yr, and 5% annual appreciation supports $99,185 over five years. Five-year ROI reaches 104.95% and total cumulative return in cash sums $124,903. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,569/mo property income instead of your personal income.
Single Family
Built in 1996
13.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75939, Corrigan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,295 (60.3%) |
| Renter Occupied HU | 405 (18.8%) |
| Vacant Housing Units | 449 (20.9%) |
| Median Home Value | $161,458 |
| Average Home Value | $176,384 |
Housing Distribution
Address Breakdown
Residential
1,623
Single Family
1,618
Multi-Family
5
Businesses
119
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Listed by: Pam Holmes • Texas Realty Unlimited, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #37569066
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