505 Richardson AveGruverTX79040
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Gruver at 505 Richardson Ave, Gruver, TX, 79040 offers $1,578/mo rent that, after a $729/mo payment, leaves $519/mo cash flow. Total monthly income is $1,578/mo, and annual cash flow is $6,225/yr on $49,394 cash. Return on cash invested measures 32.51% in year one, and rental yield stands at 12.71% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 171.65% and total cumulative return in cash reaches $84,784. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,578/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79040, Gruver, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 742 (100%) |
| Owner Occupied HU | 497 (67.0%) |
| Renter Occupied HU | 142 (19.1%) |
| Vacant Housing Units | 103 (13.9%) |
| Median Home Value | $242,164 |
| Average Home Value | $219,019 |
Housing Distribution
Address Breakdown
Residential
87
Single Family
87
Multi-Family
0
Businesses
69
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