108 W Forgey StBlooming GroveTX76626
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 108 W Forgey St, Blooming Grove, TX, 76626 in Blooming Grove, $198,500, 9.51% gross yield, $162/mo net income. Consider it a market-entry position, the $1,573/mo rent covers the $893/mo payment with a margin, and 5%/yr appreciation is projected to add $54,842 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.76) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $86,422.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $162 | $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 | $1,573 |
| Total Monthly Debt Service | $1,333 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.