489 Miller StFrankstonTX75763
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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 Frankston at 489 Miller St, Frankston, TX, 75763 offers $1,360/mo rent that, after a $734/mo payment, leaves $294/mo cash flow. Total monthly income is $1,360/mo, and annual cash flow is $3,522/yr on $49,725 cash. Return on cash invested measures 26.99% in year one, and rental yield stands at 10.88% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 142.11% and total cumulative return in cash reaches $70,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,360/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75763, Frankston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,108 (100%) |
| Owner Occupied HU | 2,026 (65.2%) |
| Renter Occupied HU | 506 (16.3%) |
| Vacant Housing Units | 576 (18.5%) |
| Median Home Value | $241,942 |
| Average Home Value | $310,584 |
Housing Distribution
Address Breakdown
Residential
2,546
Single Family
2,542
Multi-Family
4
Businesses
137
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