304 Estelle Rice DrMoodyTX76557
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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 Moody at 304 Estelle Rice Dr, Moody, TX, 76557 priced at $104,999 converts $1,740/mo rent into $965/mo cash flow after a $514/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $11,582/yr on $34,807 invested. Return on cash invested prints 53.18% in year one, and rental yield reads 19.89% against a $104,999 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,009 by year five. Five-year ROI reaches 282.98% and total cumulative return in cash sums $98,497. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76557, Moody, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,381 (100%) |
| Owner Occupied HU | 1,740 (73.1%) |
| Renter Occupied HU | 407 (17.1%) |
| Vacant Housing Units | 234 ( 9.8%) |
| Median Home Value | $284,242 |
| Average Home Value | $325,204 |
Housing Distribution
Address Breakdown
Residential
2,228
Single Family
2,228
Multi-Family
0
Businesses
62
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Nearby investment properties with comparable prices
Listed by: Edward McClintick • Joseph Walter Realty, Llc
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #552248
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.