426 S Washington StGrand SalineTX75140
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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 Grand Saline at 426 S Washington St, Grand Saline, TX, 75140 priced at $169,900 converts $2,662/mo rent into $1,453/mo cash flow after a $832/mo obligation. Total monthly income equals $2,662/mo, and annual cash flow totals $17,441/yr on $56,322 invested. Return on cash invested prints 50.88% in year one, and rental yield reads 18.8% 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 270.16% and total cumulative return in cash sums $152,162. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,662/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75140, Grand Saline, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,273 (68.3%) |
| Renter Occupied HU | 723 (21.7%) |
| Vacant Housing Units | 332 ( 10.0%) |
| Median Home Value | $173,890 |
| Average Home Value | $256,571 |
Housing Distribution
Address Breakdown
Residential
3,018
Single Family
3,016
Multi-Family
2
Businesses
238
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Listed by: Jessica Harrell • Exit Realty Pro
Mls Name: NTREIS
Mls ID: #20638461
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.