308 N 5th StBallingerTX76821
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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 Ballinger at 308 N 5th St, Ballinger, TX, 76821 listed at $320,000 pairs $2,816/mo rent with a $1,566/mo payment to leave $541/mo cash flow. Total monthly income runs $2,816/mo, and annual cash flow reaches $6,488/yr on $106,080 cash to close. Return on cash invested measures 26.03% in year one, and rental yield registers 10.56% at a $320,000 basis. Equity gained on principal adds $2,065/yr, and annual property appreciation at 5% supports $88,410 by year five. Five-year ROI tracks 136.86% and total cumulative return in cash totals $145,179. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,816/mo property income relative to a $1,566/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
8,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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