407 Erie StCleburneTX76031
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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 Cleburne at 407 Erie St, Cleburne, TX, 76031 priced at $105,000 converts $842/mo rent into $95/mo cash flow after a $514/mo obligation. Total monthly income equals $842/mo, and annual cash flow totals $1,143/yr on $34,808 invested. Return on cash invested prints 23.19% in year one, and rental yield reads 9.62% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 121.77% and total cumulative return in cash sums $42,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $842/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1920
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76031, Cleburne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 4,313 (63.4%) |
| Renter Occupied HU | 1,900 (27.9%) |
| Vacant Housing Units | 590 ( 8.7%) |
| Median Home Value | $260,172 |
| Average Home Value | $291,506 |
Housing Distribution
Address Breakdown
Residential
6,837
Single Family
6,676
Multi-Family
161
Businesses
386
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