309 E Franklin St, Hillsboro, TX, 76645 | $200/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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309 E Franklin St, Hillsboro, TX, 76645 | $200/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hillsboro at 309 E Franklin St, Hillsboro, TX, 76645 priced at $329,900 converts $2,546/mo rent into $200/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,546/mo, and annual cash flow totals $2,397/yr on $109,362 invested. Return on cash invested prints 22.1% in year one, and rental yield reads 9.26% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 115.81% and total cumulative return in cash sums $126,651. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,546/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Single Family

Built in 1910

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Step into timeless charm with modern comfort at 309 E Franklin Street. Nestled in one of Hillsboros historic neighborhoods, this beautifully restored 1910 home (in 2020 down to the studs, New Roof, tankless water heater, new windows that are energy efficient, and so much more!) updated Appliances, seamlessly blends classic architecture with todays conveniences. Offering 3 spacious bedrooms, 3 full bathrooms, and 2,604 square feet of living space, this residence is both welcoming and functional. Inside, youll find a thoughtfully designed open-concept layout featuring two inviting living areas, perfect for entertaining or relaxing with family. The fully updated kitchen boasts sleek granite countertops, stainless steel appliances, and ample storage, making it a chefs delight. Each bathroom has been tastefully renovated, pairing modern finishes with timeless style. Original character is preserved throughout, while upgrades ensure worry-free living. High ceilings, abundant natural light, and quality craftsmanship highlight the homes unique history and charm. Outside, the property offers curb appeal that reflects its historic roots while providing all the conveniences of a modern lifestyle. Located near Hillsboros historic downtown, youll enjoy easy access to shops, dining, and community eventsall just minutes from your doorstep. Whether youre seeking a forever home or a piece of history with modern luxuries, 309 E Franklin St is a rare opportunity to own a slice of Hillsboros heritage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,917 (100%)
Owner Occupied HU	2,873 (58.4%)
Renter Occupied HU	1,461 (29.7%)
Vacant Housing Units	583 (11.9%)
Median Home Value	$200,509
Average Home Value	$251,751