318 NE Michael DrBurlesonTX76028
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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 Burleson at 318 NE Michael Dr, Burleson, TX, 76028 priced at $209,000 pairs $1,414/mo rent with after a $1,023/mo payment. Total monthly income equals $1,414/mo. Return on cash invested is 18.66% in year one, and rental yield stands at 8.12% on a $209,000 basis. Equity gained on principal adds $1,349/yr, and 5% annual appreciation accumulates to $57,743 by year five. Five-year ROI measures 97.36% and total cumulative return in cash reaches $67,454. For financing, Ziffy Mortgage’s DSCR program evaluates $1,414/mo property income against a $1,023/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76028, Burleson, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,370 (100%) |
| Owner Occupied HU | 21,837 (69.6%) |
| Renter Occupied HU | 8,282 (26.4%) |
| Vacant Housing Units | 1,251 ( 4.0%) |
| Median Home Value | $356,961 |
| Average Home Value | $396,432 |
Housing Distribution
Address Breakdown
Residential
31,056
Single Family
27,405
Multi-Family
3,651
Businesses
1,604
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