500 Fm 1055HerefordTX79045
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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 500 Fm 1055, Hereford, TX, 79045 generates $1,102/mo in rent and, after a $710/mo payment, leaves $71/mo in cash flow. Total monthly income is $1,102/mo, and annual cash flow is $847/yr on $48,068 invested. Return on cash invested sits at 21.67% in year one, and rental yield is 9.12% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 113.56% and total cumulative return in cash sums $54,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,102/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
1.23 Acres 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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Listed by: Chris Joseph Lawrence • Trillonaire Realty
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #25-29
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.