124 Greengate DrBoydTX76023
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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 Boyd at 124 Greengate Dr, Boyd, TX, 76023 uses $88,046 cash to close to unlock $3,245/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $2,257/mo, and a $1,300/mo payment keeps the spread at $270/mo. Purchase price stands at $265,600, and rental yield measures 10.2% with $2,257/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $73,380 over five years. Five-year ROI reaches 124.32% and total cumulative return in cash records $109,464. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,257/mo property income covering a $1,300/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5,052 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76023, Boyd, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,299 (100%) |
| Owner Occupied HU | 2,496 (75.7%) |
| Renter Occupied HU | 604 (18.3%) |
| Vacant Housing Units | 199 ( 6.0%) |
| Median Home Value | $354,418 |
| Average Home Value | $453,359 |
Housing Distribution
Address Breakdown
Residential
2,978
Single Family
2,978
Multi-Family
0
Businesses
261
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