414 ElmoWorthamTX76693
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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 Wortham at 414 Elmo, Wortham, TX, 76693 priced at $135,000 converts $2,626/mo rent into $1,666/mo cash flow after a $661/mo obligation. Total monthly income equals $2,626/mo, and annual cash flow totals $19,989/yr on $44,753 invested. Return on cash invested prints 64.57% in year one, and rental yield reads 23.34% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 343.57% and total cumulative return in cash sums $153,757. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,626/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76693, Wortham, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 915 (100%) |
| Owner Occupied HU | 559 (61.1%) |
| Renter Occupied HU | 211 (23.1%) |
| Vacant Housing Units | 145 (15.8%) |
| Median Home Value | $200,610 |
| Average Home Value | $256,328 |
Housing Distribution
Address Breakdown
Residential
700
Single Family
700
Multi-Family
0
Businesses
50
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Nearby investment properties with comparable prices
Listed by: Kimberlea Story • Story Real Estate Group, INC
Mls Name: HAR
Mls Provider:
Mls ID: #5333503
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