406 N 6th StBallingerTX76821
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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 Ballinger at 406 N 6th St, Ballinger, TX, 76821 earns $130/mo cash flow from $1,339/mo rent with a $832/mo payment. Total monthly income totals $1,339/mo, and annual cash flow totals $1,562/yr on $56,355 capital. ROI tracks 22.68% on current figures, and rental yield reads 9.45% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 119% and total cumulative return in cash sums $67,065. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,339/mo property income instead of your personal income.
Single Family
Built in 1950
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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Listed by: Peggy Hill • Keller Williams Legacy
Mls Name: NTREIS
Mls ID: #20974808
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.