308 N 9th StTurkeyTX79261
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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 Turkey at 308 N 9th St, Turkey, TX, 79261 uses $58,013 cash to close to unlock $205/yr annual cash flow and $17/mo monthly cash flow. Total monthly income runs $1,262/mo, and a $857/mo payment keeps the spread at $17/mo. Purchase price stands at $175,000, and rental yield measures 8.65% with $1,262/mo rent. Return on cash invested shows 20.26% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 106.02% and total cumulative return in cash records $61,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,262/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79261, Turkey, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 146 (48.8%) |
| Renter Occupied HU | 25 ( 8.4%) |
| Vacant Housing Units | 128 (42.8%) |
| Median Home Value | $91,818 |
| Average Home Value | $108,990 |
Housing Distribution
Address Breakdown
Residential
103
Single Family
103
Multi-Family
0
Businesses
31
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