304 NE 3rd StKerensTX75144
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 Kerens at 304 NE 3rd St, Kerens, TX, 75144 generates $2,092/mo in rent, after a $1,566/mo payment. Total monthly income is $2,092/mo. Return on cash invested sits at 17.84% in year one, and rental yield is 7.85% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 92.93% and total cumulative return in cash sums $98,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,092/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75144, Kerens, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,798 (100%) |
| Owner Occupied HU | 1,092 (60.7%) |
| Renter Occupied HU | 319 (17.7%) |
| Vacant Housing Units | 387 (21.5%) |
| Median Home Value | $217,628 |
| Average Home Value | $326,438 |
Housing Distribution
Address Breakdown
Residential
1,593
Single Family
1,562
Multi-Family
31
Businesses
98
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacob Martinez • Amelia Valdez City Real Estate
Mls Name: NTREIS
Mls ID: #20692176
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.