300 N 6th StBallingerTX76821
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ballinger at 300 N 6th St, Ballinger, TX, 76821 offers $3,115/mo rent that, after a $1,031/mo payment, leaves $1,617/mo cash flow. Total monthly income is $3,115/mo, and annual cash flow is $19,404/yr on $69,834 cash. Return on cash invested measures 47.7% in year one, and rental yield stands at 17.74% at a $210,660 entry. Equity gained on principal adds $1,359/yr while 5% annual appreciation compounds into $58,201 by year five. Five-year ROI records 253.14% and total cumulative return in cash reaches $176,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,115/mo property income versus a $1,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices