469 Merritt RdForestburgTX76239
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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
Investment property for sale in Forestburg at 469 Merritt Rd, Forestburg, TX, 76239 listed at $319,000 pairs $2,590/mo rent with a $1,561/mo payment to leave $322/mo cash flow. Total monthly income runs $2,590/mo, and annual cash flow reaches $3,863/yr on $105,749 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.74% at a $319,000 basis. Equity gained on principal adds $2,058/yr, and annual property appreciation at 5% supports $88,134 by year five. Five-year ROI tracks 123.63% and total cumulative return in cash totals $130,741. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,590/mo property income relative to a $1,561/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
6.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76239, Forestburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 467 (100%) |
| Owner Occupied HU | 314 (67.2%) |
| Renter Occupied HU | 65 (13.9%) |
| Vacant Housing Units | 88 (18.8%) |
| Median Home Value | $297,500 |
| Average Home Value | $376,648 |
Housing Distribution
Address Breakdown
Residential
430
Single Family
430
Multi-Family
0
Businesses
28
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Listed by: Denise Thurman • The Real Estate Station- Saint Jo
Mls Name: NTREIS
Mls ID: #21078682