308 Martin AveBangsTX76823
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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 Bangs at 308 Martin Ave, Bangs, TX, 76823 uses $43,062 cash to close to unlock $697/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $982/mo, and a $636/mo payment keeps the spread at $58/mo. Purchase price stands at $129,900, and rental yield measures 9.07% with $982/mo rent. Return on cash invested shows 21.53% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 112.85% and total cumulative return in cash records $48,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $982/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1933
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76823, Bangs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,280 (100%) |
| Owner Occupied HU | 843 (65.9%) |
| Renter Occupied HU | 246 (19.2%) |
| Vacant Housing Units | 191 (14.9%) |
| Median Home Value | $177,123 |
| Average Home Value | $238,600 |
Housing Distribution
Address Breakdown
Residential
968
Single Family
932
Multi-Family
36
Businesses
76
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