424 Pecan StCenterTX75935
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
Investment property for sale in Center at 424 Pecan St, Center, TX, 75935 uses $66,134 cash to close to unlock $17,685/yr annual cash flow and $1,474/mo monthly cash flow. Total monthly income runs $2,892/mo, and a $976/mo payment keeps the spread at $1,474/mo. Purchase price stands at $199,500, and rental yield measures 17.4% with $2,892/mo rent. Return on cash invested shows 46.65% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 247.45% and total cumulative return in cash records $163,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,892/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75935, Center, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,699 (100%) |
| Owner Occupied HU | 3,440 (60.4%) |
| Renter Occupied HU | 1,400 (24.6%) |
| Vacant Housing Units | 859 (15.1%) |
| Median Home Value | $133,578 |
| Average Home Value | $208,467 |
Housing Distribution
Address Breakdown
Residential
5,359
Single Family
5,359
Multi-Family
0
Businesses
753
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Listed by: Laura S Butler Rowe • Century 21 Action Team
Mls Name: TAR MLS
Mls ID: #209834
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-08-13 02:42:48 PDT. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.