124 Kingwood StHerefordTX79045
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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 Hereford at 124 Kingwood St, Hereford, TX, 79045 priced at $219,900 converts $2,172/mo rent into $589/mo cash flow after a $1,076/mo obligation. Total monthly income equals $2,172/mo, and annual cash flow totals $7,067/yr on $72,897 invested. Return on cash invested prints 29.6% in year one, and rental yield reads 11.85% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 156.14% and total cumulative return in cash sums $113,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,172/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1967
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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Listed by: Annie Miller • Palo Duro Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-981
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.