12307 Highway 6IredellTX76649
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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 Iredell at 12307 Highway 6, Iredell, TX, 76649 generates $5,462/mo in rent and, after a $3,279/mo payment, leaves $698/mo in cash flow. Total monthly income is $5,462/mo, and annual cash flow is $8,373/yr on $220,440 invested. Return on cash invested sits at 23.86% in year one, and rental yield is 9.78% on a $670,030 entry. Equity gained on principal adds $4,324/yr, while 5% annual appreciation builds toward $185,117 over five years. Five-year ROI reaches 125.21% and total cumulative return in cash sums $276,002. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,462/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 2003
8.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76649, Iredell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 264 (56.3%) |
| Renter Occupied HU | 49 (10.4%) |
| Vacant Housing Units | 156 (33.3%) |
| Median Home Value | $188,636 |
| Average Home Value | $222,661 |
Housing Distribution
Address Breakdown
Residential
277
Single Family
277
Multi-Family
0
Businesses
34
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