214 N Calhoun StGroesbeckTX76642
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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
Rental property for sale in Groesbeck at 214 N Calhoun St, Groesbeck, TX, 76642 offers $1,311/mo rent that, after a $805/mo payment, leaves $141/mo cash flow. Total monthly income is $1,311/mo, and annual cash flow is $1,696/yr on $54,532 cash. Return on cash invested measures 23.02% in year one, and rental yield stands at 9.56% at a $164,500 entry. Equity gained on principal adds $1,061/yr while 5% annual appreciation compounds into $45,448 by year five. Five-year ROI records 120.79% and total cumulative return in cash reaches $65,866. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,311/mo property income versus a $805/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
10,001 sqft 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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