220 Hickory StHerefordTX79045
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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 Hereford at 220 Hickory St, Hereford, TX, 79045 uses $55,301 cash to close to unlock $10,056/yr annual cash flow and $838/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $817/mo payment keeps the spread at $838/mo. Purchase price stands at $166,820, and rental yield measures 14.88% with $2,069/mo rent. Return on cash invested shows 38.09% in year one, and 5% annual appreciation builds toward $46,089 over five years. Five-year ROI reaches 201.99% and total cumulative return in cash records $111,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $817/mo payment rather than investor’s personal income.
Single Family
Built in 1971
7,801 sqft 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
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