N Home StCorriganTX75939
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. Rental yield 3.21%. N Home St, Corrigan, TX, 75939 in Corrigan at $399,999, 3.21% gross yield, is a market-growth asset. The $1,069/mo rent partially funds the $1,799/mo debt service; the core return is the 5%/yr price growth projected to add $110,512 over five years. Ziffy Mortgage's DSCR mortgage (0.59) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $39,033.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 6.2% |
| Monthly Cash Flow | $(1,775) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,069 |
| Total Monthly Debt Service | $2,685 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1986
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75939, Corrigan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,295 (60.3%) |
| Renter Occupied HU | 405 (18.8%) |
| Vacant Housing Units | 449 (20.9%) |
| Median Home Value | $161,458 |
| Average Home Value | $176,384 |
Housing Distribution
Address Breakdown
Residential
1,623
Single Family
1,618
Multi-Family
5
Businesses
119
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
Multi Family
Built in 1986
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75939, Corrigan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,149 (100%) |
| Owner Occupied HU | 1,295 (60.3%) |
| Renter Occupied HU | 405 (18.8%) |
| Vacant Housing Units | 449 (20.9%) |
| Median Home Value | $161,458 |
| Average Home Value | $176,384 |
Housing Distribution
Address Breakdown
Residential
1,623
Single Family
1,618
Multi-Family
5
Businesses
119
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tiana Ochoa • JAM Real Estate, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #14471105
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