506 E Broadmore AveWills PointTX75169
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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 Wills Point at 506 E Broadmore Ave, Wills Point, TX, 75169 priced at $270,000 converts $2,672/mo rent into $623/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,672/mo, and annual cash flow totals $7,482/yr on $89,505 invested. Return on cash invested prints 28.27% in year one, and rental yield reads 11.88% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 149.52% and total cumulative return in cash sums $133,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,672/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75169, Wills Point, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,834 (100%) |
| Owner Occupied HU | 5,380 (68.7%) |
| Renter Occupied HU | 1,664 (21.2%) |
| Vacant Housing Units | 790 (10.1%) |
| Median Home Value | $230,460 |
| Average Home Value | $317,907 |
Housing Distribution
Address Breakdown
Residential
6,794
Single Family
6,744
Multi-Family
50
Businesses
484
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Listed by: Amy Downs • Livv Real Estate, LLC
Mls Name: NTREIS
Mls ID: #21056755
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.