1406 Meadowlark DrHillsboroTX76645
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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 Hillsboro at 1406 Meadowlark Dr, Hillsboro, TX, 76645 priced at $189,000 pairs $1,518/mo rent with $174/mo cash flow after a $925/mo payment. Total monthly income equals $1,518/mo, and annual cash flow comes to $2,089/yr on $62,654 invested. Return on cash invested is 23.24% in year one, and rental yield stands at 9.64% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 122% and total cumulative return in cash reaches $76,438. For financing, Ziffy Mortgage’s DSCR program evaluates $1,518/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1976
10,410 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,917 (100%) |
| Owner Occupied HU | 2,873 (58.4%) |
| Renter Occupied HU | 1,461 (29.7%) |
| Vacant Housing Units | 583 (11.9%) |
| Median Home Value | $200,509 |
| Average Home Value | $251,751 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
3,965
Multi-Family
482
Businesses
599
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Listed by: Jessica Clayton • JULIE SIDDONS REALTORS, LLC
Mls Name: NTREIS
Mls ID: #20711050
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.