216 N Texas StHerefordTX79045
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
Rental property for sale in Hereford at 216 N Texas St, Hereford, TX, 79045 offers $2,076/mo rent that, after a $1,370/mo payment, leaves $86/mo cash flow. Total monthly income is $2,076/mo, and annual cash flow is $1,027/yr on $92,787 cash. Return on cash invested measures 21.02% in year one, and rental yield stands at 8.9% at a $279,900 entry. Equity gained on principal adds $1,806/yr while 5% annual appreciation compounds into $77,331 by year five. Five-year ROI records 110.01% and total cumulative return in cash reaches $102,073. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,076/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark S Andrews • The Mark Andrews Agency
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-10263
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.