1176 Highway 261Buchanan DamTX78609
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Buchanan Dam rental at 1176 Highway 261, Buchanan Dam, TX, 78609 sits in the solid-income band: 9.99% gross yield, $1,666/mo rent, $243/mo net after the $899/mo debt service, DSCR 1.85. Entry price of $199,999 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $55,256 and $1,842/yr in principal reduction bring total cumulative return to $92,362.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.2% |
| Monthly Cash Flow | $243 | $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 | $1,666 |
| Total Monthly Debt Service | $1,343 |
| DSCR Ratio | 1.24x |
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
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vicki D Reinhardt • Jesse James Real Estate
Mls Name: HLMLS
Mls ID: #175388