408 Martin Luther King DrKingTX77957
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 King at 408 Martin Luther King Dr, King, TX, 77957 at $179,000 posts ROI 13.66% with from $964/mo rent. Total monthly income equals $964/mo. Return on cash invested measures 13.66% and rental yield reads 6.46% at the current $179,000. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 by year five. Five-year ROI prints 70.64% and total cumulative return in cash totals $41,919. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $964/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1962
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77957, Edna, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,290 (100%) |
| Owner Occupied HU | 2,400 (55.9%) |
| Renter Occupied HU | 1,166 (27.2%) |
| Vacant Housing Units | 724 (16.9%) |
| Median Home Value | $212,621 |
| Average Home Value | $269,105 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,132
Multi-Family
81
Businesses
378
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean Murray • Texas Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #52445640
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