406 Spring StMcGregorTX76657
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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 McGregor at 406 Spring St, McGregor, TX, 76657 priced at $239,000 pairs $1,842/mo rent with $95/mo cash flow after a $1,170/mo payment. Total monthly income equals $1,842/mo, and annual cash flow comes to $1,139/yr on $79,229 invested. Return on cash invested is 21.35% in year one, and rental yield stands at 9.25% on a $239,000 basis. Equity gained on principal adds $1,542/yr, and 5% annual appreciation accumulates to $66,031 by year five. Five-year ROI measures 112.01% and total cumulative return in cash reaches $88,740. For financing, Ziffy Mortgage’s DSCR program evaluates $1,842/mo property income against a $1,170/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2018
2,526 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76657, Mc Gregor, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,267 (73.1%) |
| Renter Occupied HU | 936 (20.9%) |
| Vacant Housing Units | 265 ( 5.9%) |
| Median Home Value | $383,184 |
| Average Home Value | $412,210 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,412
Multi-Family
105
Businesses
253
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Listed by: Jackie Hestilow • Turner Brothers Real Estate, LLC
Mls Name: NTREIS
Mls ID: #20956101
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.