116 Boleman DrHewittTX76643
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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 Hewitt at 116 Boleman Dr, Hewitt, TX, 76643 offers $2,480/mo rent that, after a $1,346/mo payment, leaves $526/mo cash flow. Total monthly income is $2,480/mo, and annual cash flow is $6,308/yr on $91,129 cash. Return on cash invested measures 26.83% in year one, and rental yield stands at 10.83% at a $274,900 entry. Equity gained on principal adds $1,774/yr while 5% annual appreciation compounds into $75,950 by year five. Five-year ROI records 141.19% and total cumulative return in cash reaches $128,667. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,480/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76643, Hewitt, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,247 (100%) |
| Owner Occupied HU | 4,500 (72.0%) |
| Renter Occupied HU | 1,579 (25.3%) |
| Vacant Housing Units | 168 ( 2.7%) |
| Median Home Value | $289,685 |
| Average Home Value | $306,717 |
Housing Distribution
Address Breakdown
Residential
6,299
Single Family
5,743
Multi-Family
556
Businesses
518
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Listed by: Pam Hanson • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #21018456
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.