324 NE 7th St, Cross Plains, TX, 76443 | $84/mo Cash Flow

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324 NE 7th St, Cross Plains, TX, 76443 | $84/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cross Plains at 324 NE 7th St, Cross Plains, TX, 76443 uses $38,786 cash to close to unlock $1,004/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $916/mo, and a $573/mo payment keeps the spread at $84/mo. Purchase price stands at $117,000, and rental yield measures 9.39% with $916/mo rent. Return on cash invested shows 22.5% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 117.98% and total cumulative return in cash records $45,757. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $916/mo property income covering a $573/mo payment rather than investor’s personal income.

Single Family

Built in 1972

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

This corner property has a great chain link fence around the yard. The 1972 built frame and wood 1,376 sq ft home has 3 bedrooms 2 baths and an office area or could be a 4th bedroom. The living room has hardwood flooring which is exposed and beautiful and there are other exposed wood floors in the closets which makes it seem like they would run in the entire home. The dining room and kitchen could be opened up to each other for a more modern feel and better viewing and entertaining. The primary bedroom has carpet and an ensuite bath with shower. The front bedroom, bath and office all have access off a hallway. the bathroom has been updated with tile surround for the tub shower combo. The back bedroom has access off the dining room and has two closets with bi-fold doors. The laundry room opens to the back yard and has plenty of space for an extra fridge or freezer. The back yard is small, but the west side yard is big enough for a swing set, pool or play area for the kids or extra parking for your boat or projects. This home is only a block from Cross Plains ISD so walking to school is easy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76443, Cross Plains, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,060 (100%)
Owner Occupied HU	672 (63.4%)
Renter Occupied HU	162 (15.3%)
Vacant Housing Units	226 (21.3%)
Median Home Value	$173,026
Average Home Value	$229,360