188 County Road 1296MorganTX76671
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 Morgan at 188 County Road 1296, Morgan, TX, 76671 earns $841/mo cash flow from $1,673/mo rent with a $573/mo payment. Total monthly income totals $1,673/mo, and annual cash flow totals $10,088/yr on $38,786 capital. ROI tracks 45.92% on current figures, and rental yield reads 17.16% at a $117,000 purchase. Equity gained on principal adds $755/yr, and 5% annual appreciation supports $32,325 over five years. Five-year ROI reaches 243.59% and total cumulative return in cash sums $94,477. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,673/mo property income instead of your personal income.
Manufactured
Built in 1986
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76671, Morgan, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,210 (100%) |
| Owner Occupied HU | 753 (62.2%) |
| Renter Occupied HU | 111 ( 9.2%) |
| Vacant Housing Units | 346 (28.6%) |
| Median Home Value | $305,975 |
| Average Home Value | $363,463 |
Housing Distribution
Address Breakdown
Residential
854
Single Family
854
Multi-Family
0
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donna Orr • The Michael Group Real Estate
Mls Name: NTREIS
Mls ID: #20566080
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.