298 Greanead RdForestburgTX76239
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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 Forestburg at 298 Greanead Rd, Forestburg, TX, 76239 priced at $1,600,000 converts $1,500/mo rent into after a $7,831/mo obligation. Total monthly income equals $1,500/mo. Return on cash invested prints -2.5% in year one, and rental yield reads 1.13% against a $1,600,000 entry. Equity gained on principal adds $10,325/yr, while 5% annual appreciation compiles into $442,051 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,500/mo property income covering a $7,831/mo payment, not borrower’s personal income.
Single Family
Built in 2024
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76239, Forestburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 467 (100%) |
| Owner Occupied HU | 314 (67.2%) |
| Renter Occupied HU | 65 (13.9%) |
| Vacant Housing Units | 88 (18.8%) |
| Median Home Value | $297,500 |
| Average Home Value | $376,648 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
430
Multi-Family
0
Businesses
28
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Listed by: Frank Winkfield • Next Level Realty
Mls Name: NTREIS
Mls ID: #21117718