418 Main StParadiseTX76073
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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 Paradise at 418 Main St, Paradise, TX, 76073 priced at $169,900 converts $1,519/mo rent into $216/mo cash flow after a $832/mo obligation. Total monthly income equals $1,519/mo, and annual cash flow totals $2,595/yr on $56,322 invested. Return on cash invested prints 24.52% in year one, and rental yield reads 10.73% against a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation compiles into $46,940 by year five. Five-year ROI reaches 129.54% and total cumulative return in cash sums $72,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,519/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76073, Paradise, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,360 (81.0%) |
| Renter Occupied HU | 374 (12.8%) |
| Vacant Housing Units | 180 ( 6.2%) |
| Median Home Value | $363,609 |
| Average Home Value | $415,214 |
Housing Distribution
Address Breakdown
Residential
2,666
Single Family
2,666
Multi-Family
0
Businesses
104
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Listed by: Lisa Uselton • Jeaneen Pruitt & Associates
Mls Name: NTREIS
Mls ID: #20796986
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.