313 Pierce StMortonTX79346
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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 Morton at 313 Pierce St, Morton, TX, 79346 priced at $269,900 converts $0/mo rent into after a $1,321/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.83% in year one, and rental yield reads 0% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Manufactured
Built in 2022
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79346, Morton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,238 (100%) |
| Owner Occupied HU | 710 (57.4%) |
| Renter Occupied HU | 205 (16.6%) |
| Vacant Housing Units | 323 (26.1%) |
| Median Home Value | $62,295 |
| Average Home Value | $99,996 |
Housing Distribution
Address Breakdown
Residential
849
Single Family
849
Multi-Family
0
Businesses
103
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices