316 Fairgrounds LnPonderTX76259
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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 Ponder at 316 Fairgrounds Ln, Ponder, TX, 76259 priced at $374,900 converts $3,050/mo rent into $384/mo cash flow after a $1,835/mo obligation. Total monthly income equals $3,050/mo, and annual cash flow totals $4,608/yr on $124,279 invested. Return on cash invested prints 23.62% in year one, and rental yield reads 9.76% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 123.93% and total cumulative return in cash sums $154,015. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,050/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2017
7,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76259, Ponder, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,643 (100%) |
| Owner Occupied HU | 2,251 (85.2%) |
| Renter Occupied HU | 302 (11.4%) |
| Vacant Housing Units | 90 ( 3.4%) |
| Median Home Value | $504,792 |
| Average Home Value | $556,339 |
Housing Distribution
Address Breakdown
Residential
2,721
Single Family
2,721
Multi-Family
0
Businesses
190
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