288 Salt Grass CirPoolvilleTX76487
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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 Poolville at 288 Salt Grass Cir, Poolville, TX, 76487 uses $66,300 cash to close to unlock $1,412/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $1,540/mo, and a $979/mo payment keeps the spread at $118/mo. Purchase price stands at $199,999, and rental yield measures 9.24% with $1,540/mo rent. Return on cash invested shows 22.04% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash records $76,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,540/mo property income covering a $979/mo payment rather than investor’s personal income.
Manufactured
Built in 2001
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76487, Poolville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,203 (78.4%) |
| Renter Occupied HU | 218 (14.2%) |
| Vacant Housing Units | 114 ( 7.4%) |
| Median Home Value | $318,299 |
| Average Home Value | $356,766 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,802
Multi-Family
0
Businesses
70
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