301 NE 1st St, Cross Plains, TX, 76443 | $90/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 NE 1st St, Cross Plains, TX, 76443 | $90/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cross Plains at 301 NE 1st St, Cross Plains, TX, 76443 listed at $150,000 pairs $1,156/mo rent with a $734/mo payment to leave $90/mo cash flow. Total monthly income runs $1,156/mo, and annual cash flow reaches $1,074/yr on $49,725 cash to close. Return on cash invested measures 22.07% in year one, and rental yield registers 9.25% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 115.68% and total cumulative return in cash totals $57,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,156/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1940

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Agent is Related to Seller. Welcome to 301 NE 1st Street in the heart of Cross Plains! This charming 3-bedroom, 2-bath farmhouse-style home sits on just under half an acre right in town, offering the perfect blend of character, comfort, and open space. Originally built in 1940, this property has been thoughtfully updated while preserving its cozy, timeless feel. Step inside to find fresh interior paint throughout and new flooring in all the bedrooms, giving the home a clean, modern touch. The welcoming living area flows into a bright kitchen featuring freshly repainted cabinets, offering plenty of storage and classic farmhouse charm. With 1,148 sqft of well-designed living space, this home includes three comfortable bedrooms and two full bathrooms. Major updates like the new roof in 2022 provide peace of mind. Outside is where this property truly shines. The large, almost half-acre lot offers plenty of room to stretch out, garden, entertain, or simply enjoy the peaceful surroundings. The yard is fully fenced, making it ideal for pets and play. Enjoy slow mornings and quiet evenings on the covered front and back porches, perfect for rocking chairs, coffee, and Texas sunsets. Located just 35 minutes from Abilene, this home offers small-town living with convenient access to bigger-city amenities. Close to local shops, schools, and dining, it provides the best of both worlds space and serenity without sacrificing convenience. This Cross Plains gem is move-in ready, full of charm, and waiting for its next owner. Dont miss your chanceschedule your showing today! Property to be Sold AS-IS

Neighborhood Data

Neighborhood data shown for ZIP Code: 76443, Cross Plains, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,060 (100%)
Owner Occupied HU	672 (63.4%)
Renter Occupied HU	162 (15.3%)
Vacant Housing Units	226 (21.3%)
Median Home Value	$173,026
Average Home Value	$229,360