305 E Milam StPettusTX78146
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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 Pettus at 305 E Milam St, Pettus, TX, 78146 priced at $149,995 converts $0/mo rent into after a $734/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.83% in year one, and rental yield reads 0% against a $149,995 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,441 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1950
9,984 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78146, Pettus, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 138 (66.7%) |
| Renter Occupied HU | 25 (12.1%) |
| Vacant Housing Units | 44 (21.3%) |
| Median Home Value | $166,667 |
| Average Home Value | $209,366 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices