1591 Highway 144, Meridian, TX, 76665 | 5.48% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1591 Highway 144, Meridian, TX, 76665 | 5.48% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Meridian at 1591 Highway 144, Meridian, TX, 76665 earns from $2,736/mo rent with a $2,932/mo payment. Total monthly income totals $2,736/mo. ROI tracks 10.78% on current figures, and rental yield reads 5.48% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 55.1% and total cumulative return in cash sums $108,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,736/mo property income instead of your personal income.

Single Family

Built in 1928

8.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Imagine a 1928 Craftsman style home, completely renovated to modern standards with the comfy serene feel of the best of days gone by and you might just imagine this home. Now put that home on 8.25 acres on a paved road surrounded by acres of open fields and the wildlife and peacefulness that brings and you are home. Open living spaces. Brand new solar powered custom gate and metal fence, new oversized equipment garage, new water heater (2025), new hot tub, new cowboy pool, new chicken coop with 8 hens, new front and back porch screens, new Texaco sign at entry. House was completely updated 2021-2023 (roof, siding, foam insulation, plumbing, septic, new well, new HVAC, appliances, etc.) while keeping original hardwood floors, shiplap, and charm. Screened in back porch. New covered parking and shop-storage building. Water well. Fruit trees. Plenty of room for your chickens or horses or whatever your heart desires. Honey Bees provide Agricultural Tax Exemption and fresh honey too! No restrictions so you make the rules here. Seller is willing to include all the furnishings with a good offer. Even the tractor and toys aren't out of the question, so set up your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,208 (100%)
Owner Occupied HU	735 (60.8%)
Renter Occupied HU	262 (21.7%)
Vacant Housing Units	211 (17.5%)
Median Home Value	$184,028
Average Home Value	$338,017