306 W Harrison StMount EnterpriseTX75681
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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
Investment property for sale in Mount Enterprise at 306 W Harrison St, Mount Enterprise, TX, 75681 uses $97,759 cash to close to unlock $4,840/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,500/mo, and a $1,443/mo payment keeps the spread at $403/mo. Purchase price stands at $294,900, and rental yield measures 10.17% with $2,500/mo rent. Return on cash invested shows 24.86% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 130.64% and total cumulative return in cash records $127,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,500/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 1918
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75681, Mount Enterprise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 977 (71.5%) |
| Renter Occupied HU | 161 (11.8%) |
| Vacant Housing Units | 228 (16.7%) |
| Median Home Value | $194,894 |
| Average Home Value | $253,516 |
Housing Distribution
Address Breakdown
Residential
1,178
Single Family
1,178
Multi-Family
0
Businesses
89
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Listed by: Tara Tillison • L4 Property Group
Mls Name: LGVBOARD
Mls ID: #20255249