1002 N 7th StBallingerTX76821
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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 Ballinger at 1002 N 7th St, Ballinger, TX, 76821 generates $2,486/mo in rent and, after a $876/mo payment, leaves $1,213/mo in cash flow. Total monthly income is $2,486/mo, and annual cash flow is $14,559/yr on $59,339 invested. Return on cash invested sits at 44.44% in year one, and rental yield is 16.67% on a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 235.68% and total cumulative return in cash sums $139,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,486/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,140 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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Listed by: Tyler Smith • Smith Real Estate
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #121433
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.