231 N 3rd AveMundayTX76371
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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 Munday at 231 N 3rd Ave, Munday, TX, 76371 priced at $117,900 converts $931/mo rent into $93/mo cash flow after a $577/mo obligation. Total monthly income equals $931/mo, and annual cash flow totals $1,112/yr on $39,084 invested. Return on cash invested prints 22.75% in year one, and rental yield reads 9.48% against a $117,900 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,574 by year five. Five-year ROI reaches 119.33% and total cumulative return in cash sums $46,640. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $931/mo property income covering a $577/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76371, Munday, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 776 (100%) |
| Owner Occupied HU | 490 (63.1%) |
| Renter Occupied HU | 102 (13.1%) |
| Vacant Housing Units | 184 (23.7%) |
| Median Home Value | $73,226 |
| Average Home Value | $124,209 |
Housing Distribution
Address Breakdown
Residential
454
Single Family
454
Multi-Family
0
Businesses
68
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Listed by: Jenna Searcey • City Real Estate
Mls Name: NTREIS
Mls ID: #20778244
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.