208 N Church St, Hillsboro, TX, 76645 | Equity Gain $9,002/yr

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208 N Church St, Hillsboro, TX, 76645 | Equity Gain $9,002/yr | Ziffy

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hillsboro at 208 N Church St, Hillsboro, TX, 76645 priced at $1,395,000 pairs $1,132/mo rent with after a $6,828/mo payment. Total monthly income equals $1,132/mo. Return on cash invested is -2.96% in year one, and rental yield stands at 0.97% on a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and 5% annual appreciation accumulates to $385,413 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,132/mo property income against a $6,828/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1984

0.65 Acres lot

$N/A/sqft

No HOA

More details about the property

Compass Commercial is pleased to present exclusively for sale the Hillsboro Oaks Apartments. Located in downtown Hillsboro, TX just two city blocks from the Hill County courthouse with easy access to I-35, and less than a 1 hour drive from Fort Worth. Acquisition of this 20 unit apartment complex presents a value add opportunity for multi family investors. All 2 bed, 2 bath units range from approximately 750-1,000 SqFt and rent for an average of one dollar per SqFt plus utilities. Units were renovated in 2021 with new materials, systems and features including carpet, countertops, paint, LVP flooring, appliances, HVAC units, resurfaced parking lot and new metal roofing and siding. Please contact listing agent for non-disclosure agreement to view rent roll and expenses.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,917 (100%)
Owner Occupied HU	2,873 (58.4%)
Renter Occupied HU	1,461 (29.7%)
Vacant Housing Units	583 (11.9%)
Median Home Value	$200,509
Average Home Value	$251,751