338 Reeder StBuffaloTX75831
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Buffalo at 338 Reeder St, Buffalo, TX, 75831 offers $1,080/mo rent that, after a $600/mo payment, leaves $201/mo cash flow. Total monthly income is $1,080/mo, and annual cash flow is $2,406/yr on $40,609 cash. Return on cash invested measures 25.83% in year one, and rental yield stands at 10.58% at a $122,500 entry. Equity gained on principal adds $790/yr while 5% annual appreciation compounds into $33,844 by year five. Five-year ROI records 135.96% and total cumulative return in cash reaches $55,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $600/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
7,710 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75831, Buffalo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,584 (100%) |
| Owner Occupied HU | 1,551 (60.0%) |
| Renter Occupied HU | 474 (18.3%) |
| Vacant Housing Units | 559 (21.6%) |
| Median Home Value | $159,297 |
| Average Home Value | $222,984 |
Housing Distribution
Address Breakdown
Residential
1,727
Single Family
1,727
Multi-Family
0
Businesses
222
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Listed by: Joselyn Gonzalez • Premier Realty
Mls Name: NTREIS
Mls ID: #20831929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.