502 W 6th StMc GregorTX76657
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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 Mc Gregor at 502 W 6th St, Mc Gregor, TX, 76657 uses $47,405 cash to close to unlock $5,616/yr annual cash flow and $468/mo monthly cash flow. Total monthly income runs $1,485/mo, and a $700/mo payment keeps the spread at $468/mo. Purchase price stands at $143,000, and rental yield measures 12.46% with $1,485/mo rent. Return on cash invested shows 31.76% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 167.69% and total cumulative return in cash records $79,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,485/mo property income covering a $700/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76657, Mc Gregor, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,468 (100%) |
| Owner Occupied HU | 3,267 (73.1%) |
| Renter Occupied HU | 936 (20.9%) |
| Vacant Housing Units | 265 ( 5.9%) |
| Median Home Value | $383,184 |
| Average Home Value | $412,210 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,412
Multi-Family
105
Businesses
253
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