423 Long StHerefordTX79045
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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 Hereford at 423 Long St, Hereford, TX, 79045 generates $1,986/mo in rent and, after a $698/mo payment, leaves $916/mo in cash flow. Total monthly income is $1,986/mo, and annual cash flow is $10,995/yr on $47,305 invested. Return on cash invested sits at 43.15% in year one, and rental yield is 16.7% on a $142,700 entry. Equity gained on principal adds $921/yr, while 5% annual appreciation builds toward $39,425 over five years. Five-year ROI reaches 229.28% and total cumulative return in cash sums $108,462. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,986/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
7,287 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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