409 E College StLeonardTX75452
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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 Leonard at 409 E College St, Leonard, TX, 75452 offers a 10.87% rental yield on a $112,500 purchase with $1,019/mo rent. Total monthly income registers $1,019/mo, and a $551/mo payment leaves $219/mo available for distribution. Annual cash flow reaches $2,623/yr on $37,294 to close, and return on cash invested stands at 26.94% in year one. Equity gained on principal adds $726/yr while 5% annual appreciation supports $31,082 over five years. Portfolio math shows five-year ROI at 141.85% and total cumulative return in cash at $52,900. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,019/mo property income against a $551/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75452, Leonard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,098 (100%) |
| Owner Occupied HU | 1,459 (69.5%) |
| Renter Occupied HU | 434 (20.7%) |
| Vacant Housing Units | 205 ( 9.8%) |
| Median Home Value | $276,141 |
| Average Home Value | $355,331 |
Housing Distribution
Address Breakdown
Residential
1,861
Single Family
1,830
Multi-Family
31
Businesses
109
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Listed by: Megan Towery • PARAGON, REALTORS
Mls Name: NTREIS
Mls ID: #20928071
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.