260 S Main StDetroitTX75436
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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 Detroit at 260 S Main St, Detroit, TX, 75436 priced at $115,000 pairs $1,361/mo rent with $543/mo cash flow after a $563/mo payment. Total monthly income equals $1,361/mo, and annual cash flow comes to $6,517/yr on $38,123 invested. Return on cash invested is 37% in year one, and rental yield stands at 14.2% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 195.88% and total cumulative return in cash reaches $74,673. For financing, Ziffy Mortgage’s DSCR program evaluates $1,361/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1876
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75436, Detroit, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 924 (100%) |
| Owner Occupied HU | 630 (68.2%) |
| Renter Occupied HU | 188 (20.3%) |
| Vacant Housing Units | 106 (11.5%) |
| Median Home Value | $187,209 |
| Average Home Value | $224,754 |
Housing Distribution
Address Breakdown
Residential
890
Single Family
890
Multi-Family
0
Businesses
41
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