303 E 5th StHerefordTX79045
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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 Hereford at 303 E 5th St, Hereford, TX, 79045 priced at $157,900 converts $1,939/mo rent into $736/mo cash flow after a $773/mo obligation. Total monthly income equals $1,939/mo, and annual cash flow totals $8,832/yr on $52,344 invested. Return on cash invested prints 36.78% in year one, and rental yield reads 14.74% against a $157,900 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation compiles into $43,625 by year five. Five-year ROI reaches 195.19% and total cumulative return in cash sums $102,170. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,939/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1998
6,825 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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