307 E Vernon StDecaturTX76234
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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
Rental property for sale in Decatur at 307 E Vernon St, Decatur, TX, 76234 priced at $278,000 converts $1,808/mo rent into after a $1,361/mo obligation. Total monthly income equals $1,808/mo. Return on cash invested prints 17.71% in year one, and rental yield reads 7.8% against a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation compiles into $76,806 by year five. Five-year ROI reaches 92.25% and total cumulative return in cash sums $85,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,808/mo property income covering a $1,361/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76234, Decatur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,060 (100%) |
| Owner Occupied HU | 5,721 (71.0%) |
| Renter Occupied HU | 1,737 (21.6%) |
| Vacant Housing Units | 602 ( 7.5%) |
| Median Home Value | $402,786 |
| Average Home Value | $464,320 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,756
Multi-Family
318
Businesses
1,018
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