1947 Highway 164 WGroesbeckTX76642
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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
Investment property for sale in Groesbeck at 1947 Highway 164 W, Groesbeck, TX, 76642 uses $46,079 cash to close to unlock $1,223/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,090/mo, and a $680/mo payment keeps the spread at $102/mo. Purchase price stands at $139,000, and rental yield measures 9.41% with $1,090/mo rent. Return on cash invested shows 22.56% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 118.3% and total cumulative return in cash records $54,512. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,090/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
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