306 N Main StLeonardTX75452
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
Investment property for sale in Leonard at 306 N Main St, Leonard, TX, 75452 uses $44,753 cash to close to unlock $1,125/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,054/mo, and a $661/mo payment keeps the spread at $94/mo. Purchase price stands at $135,000, and rental yield measures 9.37% with $1,054/mo rent. Return on cash invested shows 22.42% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 117.55% and total cumulative return in cash records $52,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,054/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,751 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75452, Leonard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,098 (100%) |
| Owner Occupied HU | 1,459 (69.5%) |
| Renter Occupied HU | 434 (20.7%) |
| Vacant Housing Units | 205 ( 9.8%) |
| Median Home Value | $276,141 |
| Average Home Value | $355,331 |
Housing Distribution
Address Breakdown
Residential
1,861
Single Family
1,830
Multi-Family
31
Businesses
109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glorimar Melendez • Fathom Realty, LLC
Mls Name: NTREIS
Mls ID: #20833047
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.