304 E Grant AveMortonTX79346
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Morton at 304 E Grant Ave, Morton, TX, 79346 offers $1,883/mo rent that, after a $1,224/mo payment, leaves $105/mo cash flow. Total monthly income is $1,883/mo, and annual cash flow is $1,258/yr on $82,875 cash. Return on cash invested measures 21.43% in year one, and rental yield stands at 9.04% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 112.2% and total cumulative return in cash reaches $92,986. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,883/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79346, Morton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,238 (100%) |
| Owner Occupied HU | 710 (57.4%) |
| Renter Occupied HU | 205 (16.6%) |
| Vacant Housing Units | 323 (26.1%) |
| Median Home Value | $62,295 |
| Average Home Value | $99,996 |
Housing Distribution
Address Breakdown
Residential
849
Single Family
849
Multi-Family
0
Businesses
103
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