1356 Bancroft StTempleTX76504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1356 Bancroft St, Temple, TX, 76504 priced at $261,500 converts $2,034/mo rent into $174/mo cash flow after a $1,280/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $2,092/yr on $86,687 invested. Return on cash invested prints 22.32% in year one, and rental yield reads 9.33% against a $261,500 entry. Equity gained on principal adds $1,687/yr, while 5% annual appreciation compiles into $72,248 by year five. Five-year ROI reaches 117.02% and total cumulative return in cash sums $101,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,280/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76504, Temple, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,346 (100%) |
| Owner Occupied HU | 4,802 (36.0%) |
| Renter Occupied HU | 7,272 (54.5%) |
| Vacant Housing Units | 1,272 ( 9.5%) |
| Median Home Value | $208,864 |
| Average Home Value | $274,573 |
Housing Distribution
Address Breakdown
Residential
11,800
Single Family
8,424
Multi-Family
3,376
Businesses
1,106
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