240 E Water StMilfordTX76670
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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 Milford at 240 E Water St, Milford, TX, 76670 priced at $185,000 pairs $1,428/mo rent with $113/mo cash flow after a $905/mo payment. Total monthly income equals $1,428/mo, and annual cash flow comes to $1,355/yr on $61,328 invested. Return on cash invested is 22.12% in year one, and rental yield stands at 9.26% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 115.9% and total cumulative return in cash reaches $71,079. For financing, Ziffy Mortgage’s DSCR program evaluates $1,428/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1942
9,670 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76670, Milford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 451 (67.3%) |
| Renter Occupied HU | 130 (19.4%) |
| Vacant Housing Units | 89 (13.3%) |
| Median Home Value | $205,597 |
| Average Home Value | $263,803 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
18
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Listed by: Tracie Harrison • Ultima Real Estate
Mls Name: NTREIS
Mls ID: #20880974
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.