404 CherryMerkelTX79536
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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 Merkel at 404 Cherry, Merkel, TX, 79536 generates $1,347/mo in rent, after a $978/mo payment. Total monthly income is $1,347/mo. Return on cash invested sits at 18.57% in year one, and rental yield is 8.09% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 96.85% and total cumulative return in cash sums $64,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,347/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79536, Merkel, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,354 (100%) |
| Owner Occupied HU | 1,643 (69.8%) |
| Renter Occupied HU | 375 (15.9%) |
| Vacant Housing Units | 336 (14.3%) |
| Median Home Value | $186,880 |
| Average Home Value | $235,380 |
Housing Distribution
Address Breakdown
Residential
2,112
Single Family
2,112
Multi-Family
0
Businesses
154
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