122 S Dreier AveHappyTX79042
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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 Happy at 122 S Dreier Ave, Happy, TX, 79042 priced at $265,000 converts $2,611/mo rent into $727/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,611/mo, and annual cash flow totals $8,719/yr on $87,848 invested. Return on cash invested prints 29.83% in year one, and rental yield reads 11.82% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 157.29% and total cumulative return in cash sums $138,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,611/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79042, Happy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 514 (100%) |
| Owner Occupied HU | 331 (64.4%) |
| Renter Occupied HU | 105 (20.4%) |
| Vacant Housing Units | 78 (15.2%) |
| Median Home Value | $210,484 |
| Average Home Value | $278,784 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
29
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Listed by: Amanda Ellis • MGroup
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-4563
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.