304 E Forgey StBlooming GroveTX76626
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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 Blooming Grove at 304 E Forgey St, Blooming Grove, TX, 76626 with 5% annual appreciation on a $159,500 basis while $1,227/mo rent supports operations. Total monthly income totals $1,227/mo and a $781/mo payment preserves $92/mo for cash returns. Annual cash flow comes to $1,109/yr on $52,874 deployed, and return on cash invested reaches 22.01% in year one. Equity gained on principal adds $1,029/yr, and five-year appreciation sums $44,067 alongside rental yield of 9.23%. Five-year ROI measures 115.34% and total cumulative return in cash totals $60,985.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,227/mo property income versus a $781/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1994
4,399 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76626, Blooming Grove, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 501 (69.9%) |
| Renter Occupied HU | 118 (16.5%) |
| Vacant Housing Units | 98 (13.7%) |
| Median Home Value | $200,385 |
| Average Home Value | $227,949 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
555
Multi-Family
1
Businesses
40
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Listed by: Leslie Melton • eXp Realty LLC
Mls Name: NTREIS
Mls ID: #20786174
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.