404 N 8th StTurkeyTX79261
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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 Turkey at 404 N 8th St, Turkey, TX, 79261 priced at $124,000 converts $1,909/mo rent into $1,027/mo cash flow after a $607/mo obligation. Total monthly income equals $1,909/mo, and annual cash flow totals $12,326/yr on $41,106 invested. Return on cash invested prints 49.89% in year one, and rental yield reads 18.47% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 264.99% and total cumulative return in cash sums $108,927. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,909/mo property income covering a $607/mo payment, not borrower’s personal income.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79261, Turkey, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 146 (48.8%) |
| Renter Occupied HU | 25 ( 8.4%) |
| Vacant Housing Units | 128 (42.8%) |
| Median Home Value | $91,818 |
| Average Home Value | $108,990 |
Housing Distribution
Address Breakdown
Residential
103
Single Family
103
Multi-Family
0
Businesses
31
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