118 NE Michael DrBurlesonTX76028
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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
Investment property for sale in Burleson at 118 NE Michael Dr, Burleson, TX, 76028 earns $480/mo cash flow from $2,068/mo rent with a $1,023/mo payment. Total monthly income totals $2,068/mo, and annual cash flow totals $5,764/yr on $69,284 capital. ROI tracks 28.23% on current figures, and rental yield reads 11.87% at a $209,000 purchase. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,743 over five years. Five-year ROI reaches 149.34% and total cumulative return in cash sums $103,466. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,068/mo property income instead of your personal income.
Single Family
Built in 1964
9,278 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76028, Burleson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,370 (100%) |
| Owner Occupied HU | 21,837 (69.6%) |
| Renter Occupied HU | 8,282 (26.4%) |
| Vacant Housing Units | 1,251 ( 4.0%) |
| Median Home Value | $356,961 |
| Average Home Value | $396,432 |
Housing Distribution
Address Breakdown
Residential
31,056
Single Family
27,405
Multi-Family
3,651
Businesses
1,604
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Listed by: Jennifer Johns • All City Real Estate Ltd. Co.
Mls Name: NTREIS
Mls ID: #20956791
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.