305 String Prairie WaySmithvilleTX78957
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 Smithville at 305 String Prairie Way, Smithville, TX, 78957 offers $2,100/mo rent that, after a $1,736/mo payment. Total monthly income is $2,100/mo. Return on cash invested measures 15.6% in year one, and rental yield stands at 7.11% at a $354,600 entry. Equity gained on principal adds $2,288/yr while 5% annual appreciation compounds into $97,969 by year five. Five-year ROI records 80.95% and total cumulative return in cash reaches $95,154. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,100/mo property income versus a $1,736/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
9,413 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78957, Smithville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,292 (100%) |
| Owner Occupied HU | 3,461 (65.4%) |
| Renter Occupied HU | 1,103 (20.8%) |
| Vacant Housing Units | 728 (13.8%) |
| Median Home Value | $324,812 |
| Average Home Value | $406,026 |
Housing Distribution
Address Breakdown
Residential
4,275
Single Family
4,233
Multi-Family
42
Businesses
344
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharon Foerster • Van Zandt Properties
Mls Name: Unlock MLS
Mls ID: #8647092