1640 Raby RdEddyTX76524
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
Rental property for sale in Eddy at 1640 Raby Rd, Eddy, TX, 76524 generates $1,200/mo in rent, after a $2,834/mo payment. Total monthly income is $1,200/mo. Return on cash invested sits at 1.68% in year one, and rental yield is 2.49% on a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation builds toward $159,967 over five years. Five-year ROI reaches 6.28% and total cumulative return in cash sums $11,971. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,200/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
7.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76524, Eddy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 889 (79.6%) |
| Renter Occupied HU | 153 (13.7%) |
| Vacant Housing Units | 75 ( 6.7%) |
| Median Home Value | $281,391 |
| Average Home Value | $316,431 |
Housing Distribution
Address Breakdown
Residential
1,036
Single Family
1,036
Multi-Family
0
Businesses
41
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy Beck • ERA Colonial Real Estate
Mls Name: NTREIS
Mls ID: #20921760
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.