County Road 482 SNoviceTX79538
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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 Novice at County Road 482 S, Novice, TX, 79538 uses $57,681 cash to close to unlock $6,508/yr annual cash flow and $542/mo monthly cash flow. Total monthly income runs $1,780/mo, and a $852/mo payment keeps the spread at $542/mo. Purchase price stands at $174,000, and rental yield measures 12.28% with $1,780/mo rent. Return on cash invested shows 31.19% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 164.63% and total cumulative return in cash records $94,961. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $852/mo payment rather than investor’s personal income.
Lot
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79538, Novice, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 137 (100%) |
| Owner Occupied HU | 87 (63.5%) |
| Renter Occupied HU | 9 ( 6.6%) |
| Vacant Housing Units | 41 (29.9%) |
| Median Home Value | $234,375 |
| Average Home Value | $330,029 |
Housing Distribution
Address Breakdown
Residential
56
Single Family
56
Multi-Family
0
Businesses
10
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Listed by: Marsha Spinks • Liveoak Land & Real Estate
Mls Name: NTREIS
Mls ID: #20648763
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.