148 County Road 1281MorganTX76671
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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 Morgan at 148 County Road 1281, Morgan, TX, 76671 uses $78,234 cash to close to unlock $2,782/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,910/mo, and a $1,155/mo payment keeps the spread at $232/mo. Purchase price stands at $236,000, and rental yield measures 9.71% with $1,910/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 123.13% and total cumulative return in cash records $96,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,910/mo property income covering a $1,155/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76671, Morgan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,210 (100%) |
| Owner Occupied HU | 753 (62.2%) |
| Renter Occupied HU | 111 ( 9.2%) |
| Vacant Housing Units | 346 (28.6%) |
| Median Home Value | $305,975 |
| Average Home Value | $363,463 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
25
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Listed by: Christian Lambert • Ricochet Realty LLC
Mls Name: NTREIS
Mls ID: #20951041
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.