1176 Highway 261Buchanan DamTX78609
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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 Buchanan Dam at 1176 Highway 261, Buchanan Dam, TX, 78609 generates $1,666/mo in rent and, after a $979/mo payment, leaves $244/mo in cash flow. Total monthly income is $1,666/mo, and annual cash flow is $2,924/yr on $66,300 invested. Return on cash invested sits at 24.32% in year one, and rental yield is 10% on a $199,999 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 127.72% and total cumulative return in cash sums $84,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,666/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78609, Buchanan Dam, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,471 (100%) |
| Owner Occupied HU | 795 (54.0%) |
| Renter Occupied HU | 224 (15.2%) |
| Vacant Housing Units | 452 (30.7%) |
| Median Home Value | $362,500 |
| Average Home Value | $444,676 |
Housing Distribution
Address Breakdown
Residential
999
Single Family
999
Multi-Family
0
Businesses
130
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Listed by: Vicki D Reinhardt • Jesse James Real Estate
Mls Name: HLMLS
Mls ID: #175388