113 Myers AveCleburneTX76033
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
Investment Highlights
Investment property for sale in Cleburne at 113 Myers Ave, Cleburne, TX, 76033 uses $97,793 cash to close to unlock $3,349/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $2,377/mo, and a $1,444/mo payment keeps the spread at $279/mo. Purchase price stands at $295,000, and rental yield measures 9.67% with $2,377/mo rent. Return on cash invested shows 23.33% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 122.45% and total cumulative return in cash records $119,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 2022
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76033, Cleburne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,115 (100%) |
| Owner Occupied HU | 7,086 (58.5%) |
| Renter Occupied HU | 4,001 (33.0%) |
| Vacant Housing Units | 1,028 ( 8.5%) |
| Median Home Value | $259,771 |
| Average Home Value | $310,697 |
Housing Distribution
Address Breakdown
Residential
11,708
Single Family
10,362
Multi-Family
1,346
Businesses
1,335
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gina Spencer • Heritage Real Estate
Mls Name: NTREIS
Mls ID: #20890314
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.