1508 W Elliott StBreckenridgeTX76424
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
Investment property for sale in Breckenridge at 1508 W Elliott St, Breckenridge, TX, 76424 uses $82,875 cash to close to unlock $7,618/yr annual cash flow and $635/mo monthly cash flow. Total monthly income runs $2,413/mo, and a $1,224/mo payment keeps the spread at $635/mo. Purchase price stands at $249,999, and rental yield measures 11.58% with $2,413/mo rent. Return on cash invested shows 29.1% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 153.34% and total cumulative return in cash records $127,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,413/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76424, Breckenridge, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,223 (100%) |
| Owner Occupied HU | 2,393 (56.7%) |
| Renter Occupied HU | 852 (20.2%) |
| Vacant Housing Units | 978 (23.2%) |
| Median Home Value | $144,643 |
| Average Home Value | $201,142 |
Housing Distribution
Address Breakdown
Residential
3,263
Single Family
3,076
Multi-Family
187
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci Bounds • Southridge Realty Group
Mls Name: NTREIS
Mls ID: #21031667