914 S Merrill StNew BostonTX75570
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 New Boston at 914 S Merrill St, New Boston, TX, 75570 offers a 9.18% rental yield on a $150,000 purchase with $1,148/mo rent. Total monthly income registers $1,148/mo, and a $734/mo payment leaves $82/mo available for distribution. Annual cash flow reaches $978/yr on $49,725 to close, and return on cash invested stands at 21.88% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 114.64% and total cumulative return in cash at $57,006. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,148/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Holly Craigen • Fathom Realty
Mls Name: TMLS
Mls ID: #200302