401 E 1st StNordheimTX78141
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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 Nordheim at 401 E 1st St, Nordheim, TX, 78141 priced at $144,500 converts $841/mo rent into after a $707/mo obligation. Total monthly income equals $841/mo. Return on cash invested prints 15.24% in year one, and rental yield reads 6.98% against a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation compiles into $39,923 by year five. Five-year ROI reaches 79.03% and total cumulative return in cash sums $37,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $841/mo property income covering a $707/mo payment, not borrower’s personal income.
Manufactured
Built in 2020
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78141, Nordheim, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 406 (100%) |
| Owner Occupied HU | 242 (59.6%) |
| Renter Occupied HU | 57 (14.0%) |
| Vacant Housing Units | 107 (26.4%) |
| Median Home Value | $201,515 |
| Average Home Value | $306,322 |
Housing Distribution
Address Breakdown
Residential
268
Single Family
268
Multi-Family
0
Businesses
26
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