18132 Grand AveMeretaTX76940
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt 1.56, 18132 Grand Ave, Mereta, TX, 76940 in Mereta sits at the top of Ziffy Mortgage's DSCR coverage band, a significant advantage for non-U.S. buyers closing without domestic income documentation. Rental yield 8.44%. The 8.44% yield is backed by 5% annual appreciation projecting $74,458 in value gain, plus $2,482/yr in principal reduction. Total projected cumulative return: $101,901.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $(21) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,895 |
| Total Monthly Debt Service | $1,809 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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.