409 W Morgan StFranklinTX77856
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
Rental property for sale in Franklin at 409 W Morgan St, Franklin, TX, 77856 priced at $340,000 pairs $2,774/mo rent with $356/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,774/mo, and annual cash flow comes to $4,276/yr on $112,710 invested. Return on cash invested is 23.7% in year one, and rental yield stands at 9.79% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 124.42% and total cumulative return in cash reaches $140,238. For financing, Ziffy Mortgage’s DSCR program evaluates $2,774/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77856, Franklin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,893 (100%) |
| Owner Occupied HU | 1,708 (59.0%) |
| Renter Occupied HU | 386 (13.3%) |
| Vacant Housing Units | 799 (27.6%) |
| Median Home Value | $313,761 |
| Average Home Value | $370,922 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
2,097
Multi-Family
0
Businesses
215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices