302 W Grogan StHamiltonTX76531
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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 Hamilton at 302 W Grogan St, Hamilton, TX, 76531 priced at $120,000 converts $903/mo rent into $50/mo cash flow after a $587/mo obligation. Total monthly income equals $903/mo, and annual cash flow totals $600/yr on $39,780 invested. Return on cash invested prints 21.42% in year one, and rental yield reads 9.03% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 112.11% and total cumulative return in cash sums $44,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $903/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76531, Hamilton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,499 (100%) |
| Owner Occupied HU | 1,491 (59.7%) |
| Renter Occupied HU | 527 (21.1%) |
| Vacant Housing Units | 481 (19.2%) |
| Median Home Value | $149,523 |
| Average Home Value | $285,812 |
Housing Distribution
Address Breakdown
Residential
2,081
Single Family
2,081
Multi-Family
0
Businesses
305
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