312 Western AveHerefordTX79045
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Nearby investment properties with comparable prices
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 Hereford at 312 Western Ave, Hereford, TX, 79045 offers $2,506/mo rent that, after a $783/mo payment, leaves $1,324/mo cash flow. Total monthly income is $2,506/mo, and annual cash flow is $15,885/yr on $53,007 cash. Return on cash invested measures 49.88% in year one, and rental yield stands at 18.81% at a $159,900 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,177 by year five. Five-year ROI records 265.13% and total cumulative return in cash reaches $140,538. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,506/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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Nearby investment properties with comparable prices
Listed by: Raymond Guzman • The Mark Andrews Agency
Mls Name: TAR MLS
Mls ID: #210813
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-14 15:53:50 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.