302 Poplar StHicoTX76457
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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 Hico at 302 Poplar St, Hico, TX, 76457 offers $2,112/mo rent that, after a $3,548/mo payment. Total monthly income is $2,112/mo. Return on cash invested measures 4.75% in year one, and rental yield stands at 3.5% at a $724,900 entry. Equity gained on principal adds $4,678/yr while 5% annual appreciation compounds into $200,277 by year five. Five-year ROI records 22.75% and total cumulative return in cash reaches $54,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,112/mo property income versus a $3,548/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
7.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76457, Hico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,299 (59.3%) |
| Renter Occupied HU | 406 (18.5%) |
| Vacant Housing Units | 484 (22.1%) |
| Median Home Value | $260,659 |
| Average Home Value | $374,378 |
Housing Distribution
Address Breakdown
Residential
1,597
Single Family
1,597
Multi-Family
0
Businesses
162
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Listed by: Christi Black • BLACK REAL ESTATE, LLC
Mls Name: NTREIS
Mls ID: #20916866
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.