308 S Sherman StPilot PointTX76258
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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 Pilot Point at 308 S Sherman St, Pilot Point, TX, 76258 priced at $179,000 converts $1,353/mo rent into $80/mo cash flow after a $876/mo obligation. Total monthly income equals $1,353/mo, and annual cash flow totals $963/yr on $59,339 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 9.07% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 112.81% and total cumulative return in cash sums $66,939. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,353/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1970
8,494 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76258, Pilot Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,698 (100%) |
| Owner Occupied HU | 2,711 (73.3%) |
| Renter Occupied HU | 673 (18.2%) |
| Vacant Housing Units | 314 ( 8.5%) |
| Median Home Value | $493,673 |
| Average Home Value | $581,971 |
Housing Distribution
Address Breakdown
Residential
3,438
Single Family
3,358
Multi-Family
80
Businesses
320
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Listed by: CURT ERWIN, JR • Real T Team by eXp
Mls Name: NTREIS
Mls ID: #21085368