235 Center StHerefordTX79045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hereford at 235 Center St, Hereford, TX, 79045 generates $2,864/mo in rent and, after a $1,463/mo payment, leaves $738/mo in cash flow. Total monthly income is $2,864/mo, and annual cash flow is $8,859/yr on $99,119 invested. Return on cash invested sits at 28.85% in year one, and rental yield is 11.49% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 152.01% and total cumulative return in cash sums $150,670. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,864/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raymond Guzman • The Mark Andrews Agency
Mls Name: TAR MLS
Mls ID: #210812
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-12-27 01:39:35 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.