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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Ennis at 940 Carrick Dr, Ennis, TX, 75119 offers $2,220/mo rent that, after a $1,243/mo payment, leaves $335/mo cash flow. Total monthly income is $2,220/mo, and annual cash flow is $4,020/yr on $84,185 cash. Return on cash invested measures 24.68% in year one, and rental yield stands at 10.49% at a $253,952 entry. Equity gained on principal adds $1,639/yr while 5% annual appreciation compounds into $70,162 by year five. Five-year ROI records 130.06% and total cumulative return in cash reaches $109,491. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,220/mo property income versus a $1,243/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,061 sqft lot
$N/A/sqft
$949 annually HOA
Neighborhood data shown for ZIP Code: 75119, Ennis, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,156 (100%) |
| Owner Occupied HU | 6,955 (62.3%) |
| Renter Occupied HU | 3,633 (32.6%) |
| Vacant Housing Units | 568 ( 5.1%) |
| Median Home Value | $283,970 |
| Average Home Value | $318,336 |
Residential
11,994
Single Family
10,557
Multi-Family
1,437
Businesses
767
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Price change | $253,952 |
| 2025-04-07 | Listed for sale | $274,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jared Turner • Turner Mangum LLC
Mls Name: NTREIS
Mls ID: #20896689
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.
