307 S Elm StMilfordTX76670
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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 Milford at 307 S Elm St, Milford, TX, 76670 uses $119,307 cash to close to unlock $7,539/yr annual cash flow and $628/mo monthly cash flow. Total monthly income runs $3,188/mo, and a $1,762/mo payment keeps the spread at $628/mo. Purchase price stands at $359,900, and rental yield measures 10.63% with $3,188/mo rent. Return on cash invested shows 26.23% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 137.97% and total cumulative return in cash records $164,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,188/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1896
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76670, Milford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 451 (67.3%) |
| Renter Occupied HU | 130 (19.4%) |
| Vacant Housing Units | 89 (13.3%) |
| Median Home Value | $205,597 |
| Average Home Value | $263,803 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
18
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Listed by: Karen Salazar • Hi View Real Estate
Mls Name: NTREIS
Mls ID: #20800309
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.