116 E 1st StHughes SpringsTX75656
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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 Hughes Springs at 116 E 1st St, Hughes Springs, TX, 75656 priced at $282,900 converts $762/mo rent into after a $1,385/mo obligation. Total monthly income equals $762/mo. Return on cash invested prints 3.91% in year one, and rental yield reads 3.23% against a $282,900 entry. Equity gained on principal adds $1,826/yr, while 5% annual appreciation compiles into $78,160 by year five. Five-year ROI reaches 18.27% and total cumulative return in cash sums $17,131. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $762/mo property income covering a $1,385/mo payment, not borrower’s personal income.
Single Family
Built in 1873
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75656, Hughes Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,117 (100%) |
| Owner Occupied HU | 1,295 (61.2%) |
| Renter Occupied HU | 499 (23.6%) |
| Vacant Housing Units | 323 (15.3%) |
| Median Home Value | $146,136 |
| Average Home Value | $352,147 |
Housing Distribution
Address Breakdown
Residential
1,752
Single Family
1,648
Multi-Family
104
Businesses
150
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