500 SE 2nd StHappyTX79042
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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 Happy at 500 SE 2nd St, Happy, TX, 79042 generates $1,255/mo in rent and, after a $734/mo payment, leaves $189/mo in cash flow. Total monthly income is $1,255/mo, and annual cash flow is $2,262/yr on $49,725 invested. Return on cash invested sits at 24.46% in year one, and rental yield is 10.04% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 128.47% and total cumulative return in cash sums $63,882. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,255/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79042, Happy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 514 (100%) |
| Owner Occupied HU | 331 (64.4%) |
| Renter Occupied HU | 105 (20.4%) |
| Vacant Housing Units | 78 (15.2%) |
| Median Home Value | $210,484 |
| Average Home Value | $278,784 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
29
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