306 S Dreier AveHappyTX79042
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 Happy at 306 S Dreier Ave, Happy, TX, 79042 offers $1,012/mo rent that, after a $636/mo payment, leaves $88/mo cash flow. Total monthly income is $1,012/mo, and annual cash flow is $1,057/yr on $43,062 cash. Return on cash invested measures 22.36% in year one, and rental yield stands at 9.35% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 117.31% and total cumulative return in cash reaches $50,515. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,012/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1996
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79042, Happy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 514 (100%) |
| Owner Occupied HU | 331 (64.4%) |
| Renter Occupied HU | 105 (20.4%) |
| Vacant Housing Units | 78 (15.2%) |
| Median Home Value | $210,484 |
| Average Home Value | $278,784 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
29
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Listed by: Deborah Kelly • Absolute Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-801
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.