LOT 1 Mary Kay CtNemoTX76070
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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 Nemo at LOT 1 Mary Kay Ct, Nemo, TX, 76070 priced at $129,000 converts $4,026/mo rent into $3,103/mo cash flow after a $631/mo obligation. Total monthly income equals $4,026/mo, and annual cash flow totals $37,234/yr on $42,764 invested. Return on cash invested prints 106.98% in year one, and rental yield reads 37.45% against a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation compiles into $35,640 by year five. Five-year ROI reaches 571.05% and total cumulative return in cash sums $244,201. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,026/mo property income covering a $631/mo payment, not borrower’s personal income.
Lot
Built in N/A
3.12 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76070, Nemo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 321 (100%) |
| Owner Occupied HU | 254 (79.1%) |
| Renter Occupied HU | 38 (11.8%) |
| Vacant Housing Units | 29 ( 9.0%) |
| Median Home Value | $328,125 |
| Average Home Value | $372,923 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
15
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Listed by: Gayla Reynolds • Pinnacle Realty Advisors
Mls Name: NTREIS
Mls ID: #20027567
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.