253 Grand Harbor BlvdChicoTX76431
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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 Chico at 253 Grand Harbor Blvd, Chico, TX, 76431 priced at $1,600,000 pairs $1,920/mo rent with after a $7,831/mo payment. Total monthly income equals $1,920/mo. Return on cash invested is -1.67% in year one, and rental yield stands at 1.44% on a $1,600,000 basis. Equity gained on principal adds $10,325/yr, and 5% annual appreciation accumulates to $442,051 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $7,831/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
1.01 Acres lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76431, Chico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,774 (100%) |
| Owner Occupied HU | 1,093 (61.6%) |
| Renter Occupied HU | 244 (13.8%) |
| Vacant Housing Units | 437 (24.6%) |
| Median Home Value | $278,385 |
| Average Home Value | $380,403 |
Housing Distribution
Address Breakdown
Residential
1,543
Single Family
1,543
Multi-Family
0
Businesses
116
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Listed by: Gary Bisha • My Castle Realty
Mls Name: NTREIS
Mls ID: #20709866
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.