304 E Spring StHenriettaTX76365
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 Henrietta at 304 E Spring St, Henrietta, TX, 76365 offers $2,207/mo rent that, after a $1,346/mo payment, leaves $251/mo cash flow. Total monthly income is $2,207/mo, and annual cash flow is $3,017/yr on $91,163 cash. Return on cash invested measures 23.22% in year one, and rental yield stands at 9.63% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 121.83% and total cumulative return in cash reaches $111,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,207/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76365, Henrietta, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,557 (100%) |
| Owner Occupied HU | 1,604 (62.7%) |
| Renter Occupied HU | 453 (17.7%) |
| Vacant Housing Units | 500 (19.6%) |
| Median Home Value | $148,897 |
| Average Home Value | $210,296 |
Housing Distribution
Address Breakdown
Residential
2,208
Single Family
2,110
Multi-Family
98
Businesses
160
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Listed by: Hannah Mcclure • Homestead And Ranch Real Estate
Mls Name: WFAR
Mls Provider:
Mls ID: #179013
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