162 Greengate DrBoydTX76023
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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 Boyd at 162 Greengate Dr, Boyd, TX, 76023 uses $84,499 cash to close to unlock $6,924/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $2,390/mo, and a $1,248/mo payment keeps the spread at $577/mo. Purchase price stands at $254,900, and rental yield measures 11.25% with $2,390/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 147.99% and total cumulative return in cash records $125,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,390/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 2023
4,617 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76023, Boyd, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,299 (100%) |
| Owner Occupied HU | 2,496 (75.7%) |
| Renter Occupied HU | 604 (18.3%) |
| Vacant Housing Units | 199 ( 6.0%) |
| Median Home Value | $354,418 |
| Average Home Value | $453,359 |
Housing Distribution
Address Breakdown
Residential
2,978
Single Family
2,978
Multi-Family
0
Businesses
261
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