320 N Market StGrapelandTX75844
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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 Grapeland at 320 N Market St, Grapeland, TX, 75844 offers $3,874/mo rent that, after a $1,904/mo payment, leaves $1,108/mo cash flow. Total monthly income is $3,874/mo, and annual cash flow is $13,293/yr on $128,954 cash. Return on cash invested measures 30.22% in year one, and rental yield stands at 11.95% at a $389,000 entry. Equity gained on principal adds $2,510/yr while 5% annual appreciation compounds into $107,474 by year five. Five-year ROI records 159.34% and total cumulative return in cash reaches $205,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,874/mo property income versus a $1,904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75844, Grapeland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,063 (100%) |
| Owner Occupied HU | 1,759 (57.4%) |
| Renter Occupied HU | 443 (14.5%) |
| Vacant Housing Units | 861 (28.1%) |
| Median Home Value | $173,905 |
| Average Home Value | $225,313 |
Housing Distribution
Address Breakdown
Residential
2,224
Single Family
2,191
Multi-Family
33
Businesses
134
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Listed by: Nancy Lawrence • Lawrence Realty
Mls Name: GTARMLS
Mls Provider:
Mls ID: #24012660
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.