305 Elmo St #303CleburneTX76031
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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
Investment property for sale in Cleburne at 305 Elmo St #303, Cleburne, TX, 76031 uses $39,780 cash to close to unlock $672/yr annual cash flow and $56/mo monthly cash flow. Total monthly income runs $909/mo, and a $587/mo payment keeps the spread at $56/mo. Purchase price stands at $120,000, and rental yield measures 9.09% with $909/mo rent. Return on cash invested shows 21.6% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 113.11% and total cumulative return in cash records $44,995. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $909/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76031, Cleburne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 4,313 (63.4%) |
| Renter Occupied HU | 1,900 (27.9%) |
| Vacant Housing Units | 590 ( 8.7%) |
| Median Home Value | $260,172 |
| Average Home Value | $291,506 |
Housing Distribution
Address Breakdown
Residential
6,837
Single Family
6,676
Multi-Family
161
Businesses
386
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