1039 N Bosque StMeridianTX76665
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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 Meridian at 1039 N Bosque St, Meridian, TX, 76665 priced at $230,000 converts $2,808/mo rent into $1,172/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,808/mo, and annual cash flow totals $14,066/yr on $76,245 invested. Return on cash invested prints 38.36% in year one, and rental yield reads 14.65% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 203.02% and total cumulative return in cash sums $154,795. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,808/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
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Listed by: Tonya Albrecht • Bosque County Properties, Inc.
Mls Name: NTREIS
Mls ID: #20628483
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.