405 S Hamilton StIredellTX76649
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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
Investment property for sale in Iredell at 405 S Hamilton St, Iredell, TX, 76649 uses $34,808 cash to close to unlock $12,063/yr annual cash flow and $1,005/mo monthly cash flow. Total monthly income runs $1,752/mo, and a $514/mo payment keeps the spread at $1,005/mo. Purchase price stands at $105,000, and rental yield measures 20.02% with $1,752/mo rent. Return on cash invested shows 54.57% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 289.98% and total cumulative return in cash records $100,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,752/mo property income covering a $514/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76649, Iredell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 469 (100%) |
| Owner Occupied HU | 264 (56.3%) |
| Renter Occupied HU | 49 (10.4%) |
| Vacant Housing Units | 156 (33.3%) |
| Median Home Value | $188,636 |
| Average Home Value | $222,661 |
Housing Distribution
Address Breakdown
Residential
277
Single Family
277
Multi-Family
0
Businesses
34
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Listed by: Jennifer Birkle • Texas Legacy Realty
Mls Name: NTREIS
Mls ID: #20538512
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.