408 John St, Morgan, TX, 76671 | $915/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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408 John St, Morgan, TX, 76671 | $915/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Morgan at 408 John St, Morgan, TX, 76671 uses $62,983 cash to close to unlock $10,978/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $2,266/mo, and a $930/mo payment keeps the spread at $915/mo. Purchase price stands at $189,995, and rental yield measures 14.31% with $2,266/mo rent. Return on cash invested shows 37.34% in year one, and 5% annual appreciation builds toward $52,492 over five years. Five-year ROI reaches 197.5% and total cumulative return in cash records $124,391. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $930/mo payment rather than investor’s personal income.

Single Family

Built in 1981

3.46 Acres lot

$N/A/sqft

No HOA

More details about the property

IF YOU ARE LOOKING TO GET OUT OF THE BIG CITY AND SET BACK ON YOUR 5' X 23' PORCH AND RELAX, COME CHECK THIS PLACE OUT AND BRING YOUR ANIMALS! Enjoy the amazing landscapes and wide variety of wildlife while traveling to and from your 5-bedroom 3-bath frame 1824 square foot home sitting on 3.4560 acres! Lots of room in this home! Chain link fences surround the home while remaining property fenced and cross fenced. Featuring a vast amount of large mature pecan trees and beautiful ornamental crepe myrtles, a 30' x 40 shop or barn, a 22' x 33' carport with 8' storage in front, an 8' x 12' storage building, an 18 foot above ground pool, and plenty of parking. This property has a 2nd water meter and two more entrances to the property. Home is located just a short distance from many lakes including Lake Whitney to enjoy your fishing, boating, and camping needs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76671, Morgan, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,210 (100%)
Owner Occupied HU	753 (62.2%)
Renter Occupied HU	111 ( 9.2%)
Vacant Housing Units	346 (28.6%)
Median Home Value	$305,975
Average Home Value	$363,463