301 Mockingbird LnChicoTX76431
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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 Chico at 301 Mockingbird Ln, Chico, TX, 76431 uses $80,389 cash to close to unlock $2,778/yr annual cash flow and $231/mo monthly cash flow. Total monthly income runs $1,956/mo, and a $1,187/mo payment keeps the spread at $231/mo. Purchase price stands at $242,500, and rental yield measures 9.68% with $1,956/mo rent. Return on cash invested shows 23.36% in year one, and 5% annual appreciation builds toward $66,998 over five years. Five-year ROI reaches 122.61% and total cumulative return in cash records $98,563. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,956/mo property income covering a $1,187/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76431, Chico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,774 (100%) |
| Owner Occupied HU | 1,093 (61.6%) |
| Renter Occupied HU | 244 (13.8%) |
| Vacant Housing Units | 437 (24.6%) |
| Median Home Value | $278,385 |
| Average Home Value | $380,403 |
Housing Distribution
Address Breakdown
Residential
1,543
Single Family
1,543
Multi-Family
0
Businesses
116
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Listed by: Jill Simpson • The Property Shop
Mls Name: NTREIS
Mls ID: #20780759
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.