315 N Harmon StFairfieldTX75840
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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 Fairfield at 315 N Harmon St, Fairfield, TX, 75840 priced at $117,750 converts $4,226/mo rent into $3,389/mo cash flow after a $576/mo obligation. Total monthly income equals $4,226/mo, and annual cash flow totals $40,668/yr on $39,034 invested. Return on cash invested prints 124.09% in year one, and rental yield reads 43.07% against a $117,750 entry. Equity gained on principal adds $760/yr, while 5% annual appreciation compiles into $32,532 by year five. Five-year ROI reaches 662.7% and total cumulative return in cash sums $258,681. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,226/mo property income covering a $576/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75840, Fairfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,485 (100%) |
| Owner Occupied HU | 2,213 (63.5%) |
| Renter Occupied HU | 699 (20.1%) |
| Vacant Housing Units | 573 (16.4%) |
| Median Home Value | $217,467 |
| Average Home Value | $271,304 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,774
Multi-Family
140
Businesses
453
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Listed by: Angela Burnham • Coldwell Banker Richland Chamb
Mls Name: NTREIS
Mls ID: #20689150
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.