305 Summitt StRangerTX76470
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 Ranger at 305 Summitt St, Ranger, TX, 76470 priced at $110,000 converts $1,734/mo rent into $952/mo cash flow after a $538/mo obligation. Total monthly income equals $1,734/mo, and annual cash flow totals $11,426/yr on $36,465 invested. Return on cash invested prints 51.24% in year one, and rental yield reads 18.92% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 272.25% and total cumulative return in cash sums $99,276. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,734/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1938
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76470, Ranger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 847 (51.9%) |
| Renter Occupied HU | 410 (25.1%) |
| Vacant Housing Units | 375 (23.0%) |
| Median Home Value | $122,246 |
| Average Home Value | $257,223 |
Housing Distribution
Address Breakdown
Residential
1,387
Single Family
1,288
Multi-Family
99
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johnny Wells • RANGER REALTY
Mls Name: NTREIS
Mls ID: #20774667
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.