409 Mockingbird LnChicoTX76431
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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 Chico at 409 Mockingbird Ln, Chico, TX, 76431 generates $2,293/mo in rent and, after a $1,069/mo payment, leaves $740/mo in cash flow. Total monthly income is $2,293/mo, and annual cash flow is $8,877/yr on $72,413 invested. Return on cash invested sits at 32.17% in year one, and rental yield is 12.6% on a $218,440 entry. Equity gained on principal adds $1,410/yr, while 5% annual appreciation builds toward $60,351 over five years. Five-year ROI reaches 169.78% and total cumulative return in cash sums $122,941. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,293/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76431, Chico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,774 (100%) |
| Owner Occupied HU | 1,093 (61.6%) |
| Renter Occupied HU | 244 (13.8%) |
| Vacant Housing Units | 437 (24.6%) |
| Median Home Value | $278,385 |
| Average Home Value | $380,403 |
Housing Distribution
Address Breakdown
Residential
1,543
Single Family
1,543
Multi-Family
0
Businesses
116
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