1400 16th 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
Investment property for sale in Hereford at 1400 16th St, Hereford, TX, 79045 listed at $259,000 pairs $1,819/mo rent with a $1,268/mo payment. Total monthly income runs $1,819/mo. Return on cash invested measures 19.59% in year one, and rental yield registers 8.43% at a $259,000 basis. Equity gained on principal adds $1,671/yr, and annual property appreciation at 5% supports $71,557 by year five. Five-year ROI tracks 102.33% and total cumulative return in cash totals $87,856. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,819/mo property income relative to a $1,268/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.30 Acres 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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