1220 Neuberry CliffeTempleTX76502
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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 Temple at 1220 Neuberry Cliffe, Temple, TX, 76502 generates $3,118/mo in rent and, after a $1,297/mo payment, leaves $1,033/mo in cash flow. Total monthly income is $3,118/mo, and annual cash flow is $12,398/yr on $87,814 invested. Return on cash invested sits at 34.03% in year one, and rental yield is 14.12% on a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 180.8% and total cumulative return in cash sums $158,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,118/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
7,383 sqft lot
$N/A/sqft
$175 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76502, Temple, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,696 (100%) |
| Owner Occupied HU | 13,995 (61.7%) |
| Renter Occupied HU | 7,260 (32.0%) |
| Vacant Housing Units | 1,441 ( 6.3%) |
| Median Home Value | $302,329 |
| Average Home Value | $330,680 |
Housing Distribution
Address Breakdown
Residential
22,452
Single Family
20,044
Multi-Family
2,408
Businesses
853
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Listed by: Jason Holt • Two Lakes Real Estate
Mls Name: WMLS
Mls Provider:
Mls ID: #224784
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-15 13:53:55 PDT