325 Grassy WayElm MottTX76640
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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 Elm Mott at 325 Grassy Way, Elm Mott, TX, 76640 priced at $599,000 converts $1,440/mo rent into after a $2,932/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 2.89% in year one, and rental yield reads 2.88% against a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation compiles into $165,493 by year five. Five-year ROI reaches 12.78% and total cumulative return in cash sums $25,186. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $2,932/mo payment, not borrower’s personal income.
Single Family
Built in 1983
3.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
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