18132 Grand AveMeretaTX76940
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 Mereta at 18132 Grand Ave, Mereta, TX, 76940 listed at $269,500 pairs $1,895/mo rent with a $1,319/mo payment. Total monthly income runs $1,895/mo. Return on cash invested measures 19.62% in year one, and rental yield registers 8.44% at a $269,500 basis. Equity gained on principal adds $1,739/yr, and annual property appreciation at 5% supports $74,458 by year five. Five-year ROI tracks 102.53% and total cumulative return in cash totals $91,596. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,895/mo property income relative to a $1,319/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
6.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76940, Mereta, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30 (100%) |
| Owner Occupied HU | 24 (80.0%) |
| Renter Occupied HU | 4 (13.3%) |
| Vacant Housing Units | 2 ( 6.7%) |
| Median Home Value | $357,143 |
| Average Home Value | $413,021 |
Housing Distribution
Address Breakdown
Residential
14
Single Family
14
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruben Martinez • ERA Newlin & Company
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #125377
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.