224 Derek RdEddyTX76524
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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 Eddy at 224 Derek Rd, Eddy, TX, 76524 offers $1,200/mo rent that, after a $974/mo payment. Total monthly income is $1,200/mo. Return on cash invested measures 16% in year one, and rental yield stands at 7.24% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 83.05% and total cumulative return in cash reaches $54,786. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,200/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76524, Eddy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,117 (100%) |
| Owner Occupied HU | 889 (79.6%) |
| Renter Occupied HU | 153 (13.7%) |
| Vacant Housing Units | 75 ( 6.7%) |
| Median Home Value | $281,391 |
| Average Home Value | $316,431 |
Housing Distribution
Address Breakdown
Residential
1,036
Single Family
1,036
Multi-Family
0
Businesses
41
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