126 Cherokee CirSmithvilleTX78957
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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 Smithville at 126 Cherokee Cir, Smithville, TX, 78957 priced at $264,000 converts $3,700/mo rent into $1,810/mo cash flow after a $1,292/mo obligation. Total monthly income equals $3,700/mo, and annual cash flow totals $21,724/yr on $87,516 invested. Return on cash invested prints 44.73% in year one, and rental yield reads 16.82% against a $264,000 entry. Equity gained on principal adds $1,704/yr, while 5% annual appreciation compiles into $72,938 by year five. Five-year ROI reaches 237.26% and total cumulative return in cash sums $207,637. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,700/mo property income covering a $1,292/mo payment, not borrower’s personal income.
Manufactured
Built in 2019
0.70 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Housing Distribution
Address Breakdown
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
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Listed by: Gary King • King Properties Management
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #9268105
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-08-30 12:43:24 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is 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. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)