217 NE 2nd St, Cross Plains, TX, 76443 | 5.42% Rental Yield

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217 NE 2nd St, Cross Plains, TX, 76443 | 5.42% Rental Yield | Ziffy

For Sale

Rental Income

Listed for sale today

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

Investment property for sale in Cross Plains at 217 NE 2nd St, Cross Plains, TX, 76443 listed at $230,000 pairs $1,039/mo rent with a $1,126/mo payment. Total monthly income runs $1,039/mo. Return on cash invested measures 10.52% in year one, and rental yield registers 5.42% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 53.73% and total cumulative return in cash totals $40,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,039/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2018

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Income-Producing Duplex Portfolio - 4 Units - Cash Flowing Located at 217 Southeast 2nd Street in Cross Plains, this well-positioned two-building, four-unit duplex complex presents a compelling opportunity for investors seeking immediate cash flow with long-term upside. The property consists of two separate duplex buildings, offering operational flexibility and reduced risk through unit diversification. All four units are currently cash flowing, making this a true turnkey investment from day one. Recent improvements include minor updates to the HVAC systems, enhancing efficiency and reliability, as well as newer appliances throughout the unitshelping to reduce near-term capital expenditures and support tenant retention. The layout and configuration appeal to long-term renters, while the separate building setup provides potential advantages for future value-add strategies, individual building disposition, or refinancing options. Highlights for Investors: Two buildings - four total units - duplex configuration Currently cash flowing Updated HVAC components Newer appliances Low-maintenance asset with stabilized income Strong fit for buy-and-hold or portfolio expansion This is an excellent opportunity to acquire a stabilized multifamily asset in a solid rental market, offering both immediate income and long-term appreciation potential.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76443, Cross Plains, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,060 (100%)
Owner Occupied HU	672 (63.4%)
Renter Occupied HU	162 (15.3%)
Vacant Housing Units	226 (21.3%)
Median Home Value	$173,026
Average Home Value	$229,360