232 Fm 228GrapelandTX75844
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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 Grapeland at 232 Fm 228, Grapeland, TX, 75844 offers a 12.24% rental yield on a $289,223 purchase with $2,951/mo rent. Total monthly income registers $2,951/mo, and a $1,416/mo payment leaves $894/mo available for distribution. Annual cash flow reaches $10,727/yr on $95,877 to close, and return on cash invested stands at 31.1% in year one. Equity gained on principal adds $1,866/yr while 5% annual appreciation supports $79,907 over five years. Portfolio math shows five-year ROI at 164.03% and total cumulative return in cash at $157,272. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,951/mo property income against a $1,416/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75844, Grapeland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,063 (100%) |
| Owner Occupied HU | 1,759 (57.4%) |
| Renter Occupied HU | 443 (14.5%) |
| Vacant Housing Units | 861 (28.1%) |
| Median Home Value | $173,905 |
| Average Home Value | $225,313 |
Housing Distribution
Address Breakdown
Residential
2,224
Single Family
2,191
Multi-Family
33
Businesses
134
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