309 W Mill StMontagueTX76251
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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 Montague at 309 W Mill St, Montague, TX, 76251 priced at $140,000 pairs $2,010/mo rent with $1,015/mo cash flow after a $685/mo payment. Total monthly income equals $2,010/mo, and annual cash flow comes to $12,176/yr on $46,410 invested. Return on cash invested is 46.14% in year one, and rental yield stands at 17.23% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. Five-year ROI measures 244.78% and total cumulative return in cash reaches $113,602. For financing, Ziffy Mortgage’s DSCR program evaluates $2,010/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76251, Montague, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 406 (100%) |
| Owner Occupied HU | 294 (72.4%) |
| Renter Occupied HU | 33 ( 8.1%) |
| Vacant Housing Units | 79 (19.5%) |
| Median Home Value | $347,368 |
| Average Home Value | $458,512 |
Housing Distribution
Address Breakdown
Residential
315
Single Family
315
Multi-Family
0
Businesses
57
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