1969 Lcr 752GroesbeckTX76642
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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 1969 Lcr 752, Groesbeck, TX, 76642 listed at $279,000 pairs $1,744/mo rent with a $1,366/mo payment. Total monthly income runs $1,744/mo. Return on cash invested measures 16.79% in year one, and rental yield registers 7.5% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 87.34% and total cumulative return in cash totals $80,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,744/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1997
0.77 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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Listed by: Jacob Gorrell • Gingrich Group, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #223796
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-16 00:54:49 PDT