88 Richland Park DrCorsicanaTX75109
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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 Corsicana at 88 Richland Park Dr, Corsicana, TX, 75109 offers $2,880/mo rent that, after a $534/mo payment, leaves $2,029/mo cash flow. Total monthly income is $2,880/mo, and annual cash flow is $24,353/yr on $36,134 cash. Return on cash invested measures 87.31% in year one, and rental yield stands at 31.71% at a $109,000 entry. Equity gained on principal adds $703/yr while 5% annual appreciation compounds into $30,115 by year five. Five-year ROI records 466.46% and total cumulative return in cash reaches $168,550. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $534/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.62 Acres lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75109, Corsicana, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,391 (100%) |
| Owner Occupied HU | 1,693 (70.8%) |
| Renter Occupied HU | 334 (14.0%) |
| Vacant Housing Units | 364 (15.2%) |
| Median Home Value | $284,255 |
| Average Home Value | $384,066 |
Housing Distribution
Address Breakdown
Residential
2,219
Single Family
2,219
Multi-Family
0
Businesses
117
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Listed by: Karen Flippo • Graham & Co Realty Group
Mls Name: NTREIS
Mls ID: #20564599
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.