1693 Scenic Dr #202GrafordTX76449
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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
Rental property for sale in Graford at 1693 Scenic Dr #202, Graford, TX, 76449 generates $2,804/mo in rent, after a $2,765/mo payment. Total monthly income is $2,804/mo. Return on cash invested sits at 8.3% in year one, and rental yield is 5.96% on a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 43.22% and total cumulative return in cash sums $80,331. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,804/mo property income rather than buyer’s personal income.
Condo
Built in 2013
8,319 sqft lot
$N/A/sqft
$7,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76449, Graford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,703 (100%) |
| Owner Occupied HU | 937 (34.7%) |
| Renter Occupied HU | 213 ( 7.9%) |
| Vacant Housing Units | 1,553 (57.5%) |
| Median Home Value | $315,734 |
| Average Home Value | $427,124 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,836
Multi-Family
3
Businesses
138
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Listed by: Michael Avidon • Century 21 Mike Bowman, Inc.
Mls Name: NTREIS
Mls ID: #20824335
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.