305 N Main StMeridianTX76665
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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 Meridian at 305 N Main St, Meridian, TX, 76665 offers $1,360/mo rent that, after a $1,698/mo payment. Total monthly income is $1,360/mo. Return on cash invested measures 8.36% in year one, and rental yield stands at 4.7% at a $347,000 entry. Equity gained on principal adds $2,239/yr while 5% annual appreciation compounds into $95,870 by year five. Five-year ROI records 42.12% and total cumulative return in cash reaches $48,452. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,360/mo property income versus a $1,698/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
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Listed by: Jeanie Cosper • Jeanie Cosper Real Estate
Mls Name: NTREIS
Mls ID: #20943922
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.