304 N Main StEdgewoodTX75117
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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 Edgewood at 304 N Main St, Edgewood, TX, 75117 priced at $229,900 pairs $1,492/mo rent with after a $1,125/mo payment. Total monthly income equals $1,492/mo. Return on cash invested is 17.66% in year one, and rental yield stands at 7.79% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 92.03% and total cumulative return in cash reaches $70,139. For financing, Ziffy Mortgage’s DSCR program evaluates $1,492/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75117, Edgewood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,858 (100%) |
| Owner Occupied HU | 1,288 (69.3%) |
| Renter Occupied HU | 399 (21.5%) |
| Vacant Housing Units | 171 ( 9.2%) |
| Median Home Value | $313,497 |
| Average Home Value | $669,722 |
Housing Distribution
Address Breakdown
Residential
1,581
Single Family
1,559
Multi-Family
22
Businesses
128
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Listed by: Kaedon Kesterson • Re/MAX Landmark Edgewood
Mls Name: NTREIS
Mls ID: #20884461
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.