408 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
Investment property for sale in Cleburne at 408 Erie St, Cleburne, TX, 76031 with 5% annual appreciation on a $238,000 basis while $1,890/mo rent supports operations. Total monthly income totals $1,890/mo and a $1,165/mo payment preserves $197/mo for cash returns. Annual cash flow comes to $2,369/yr on $78,897 deployed, and return on cash invested reaches 22.91% in year one. Equity gained on principal adds $1,536/yr, and five-year appreciation sums $65,755 alongside rental yield of 9.53%. Five-year ROI measures 120.19% and total cumulative return in cash totals $94,822.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,890/mo property income versus a $1,165/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
8,145 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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Listed by: Shelley Green • TheGreenTeam RE Professionals
Mls Name: NTREIS
Mls ID: #20652943
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.