400 S Bailey St #406 & 408ElectraTX76360
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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 Electra at 400 S Bailey St #406 & 408, Electra, TX, 76360 generates $1,042/mo in rent and, after a $661/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,042/mo, and annual cash flow is $981/yr on $44,753 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 9.26% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 115.81% and total cumulative return in cash sums $51,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,042/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76360, Electra, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,509 (100%) |
| Owner Occupied HU | 854 (56.6%) |
| Renter Occupied HU | 382 (25.3%) |
| Vacant Housing Units | 273 (18.1%) |
| Median Home Value | $90,952 |
| Average Home Value | $143,762 |
Housing Distribution
Address Breakdown
Residential
1,235
Single Family
1,235
Multi-Family
0
Businesses
110
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