108 W Forgey StBlooming GroveTX76626
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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 Blooming Grove at 108 W Forgey St, Blooming Grove, TX, 76626 priced at $198,500 converts $1,573/mo rent into $161/mo cash flow after a $972/mo obligation. Total monthly income equals $1,573/mo, and annual cash flow totals $1,932/yr on $65,803 invested. Return on cash invested prints 22.84% in year one, and rental yield reads 9.51% against a $198,500 entry. Equity gained on principal adds $1,281/yr, while 5% annual appreciation compiles into $54,842 by year five. Five-year ROI reaches 119.78% and total cumulative return in cash sums $78,821. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,573/mo property income covering a $972/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76626, Blooming Grove, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 501 (69.9%) |
| Renter Occupied HU | 118 (16.5%) |
| Vacant Housing Units | 98 (13.7%) |
| Median Home Value | $200,385 |
| Average Home Value | $227,949 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
555
Multi-Family
1
Businesses
40
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Listed by: Gayla Gober • CIGI Properties, LLC
Mls Name: NTREIS
Mls ID: #20825341
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.