309 S Baxter StPremontTX78375
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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 Premont at 309 S Baxter St, Premont, TX, 78375 uses $42,764 cash to close to unlock $3,037/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,170/mo, and a $631/mo payment keeps the spread at $253/mo. Purchase price stands at $129,000, and rental yield measures 10.88% with $1,170/mo rent. Return on cash invested shows 27.01% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 142.24% and total cumulative return in cash records $60,829. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,170/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,504 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78375, Premont, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,297 (100%) |
| Owner Occupied HU | 813 (62.7%) |
| Renter Occupied HU | 294 (22.7%) |
| Vacant Housing Units | 190 (14.6%) |
| Median Home Value | $85,492 |
| Average Home Value | $192,749 |
Housing Distribution
Address Breakdown
Residential
174
Single Family
174
Multi-Family
0
Businesses
75
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