261 N 2nd StWalnut SpringsTX76690
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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 Walnut Springs at 261 N 2nd St, Walnut Springs, TX, 76690 listed at $359,000 pairs $2,480/mo rent with a $1,757/mo payment. Total monthly income runs $2,480/mo. Return on cash invested measures 19.18% in year one, and rental yield registers 8.29% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 100.15% and total cumulative return in cash totals $119,191. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,480/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1905
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76690, Walnut Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 720 (100%) |
| Owner Occupied HU | 451 (62.6%) |
| Renter Occupied HU | 116 (16.1%) |
| Vacant Housing Units | 153 (21.2%) |
| Median Home Value | $237,121 |
| Average Home Value | $330,477 |
Housing Distribution
Address Breakdown
Residential
500
Single Family
500
Multi-Family
0
Businesses
28
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Listed by: Heidi Olsen • RE/MAX Elevated Realty
Mls Name: NTREIS
Mls ID: #20868424
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.