506 N Seeley Ave WMount CalmTX76673
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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 Mount Calm at 506 N Seeley Ave W, Mount Calm, TX, 76673 generates $2,777/mo in rent and, after a $976/mo payment, leaves $1,359/mo in cash flow. Total monthly income is $2,777/mo, and annual cash flow is $16,305/yr on $66,134 invested. Return on cash invested sits at 44.56% in year one, and rental yield is 16.7% on a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 236.28% and total cumulative return in cash sums $156,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,777/mo property income rather than buyer’s personal income.
Manufactured
Built in 2023
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76673, Mount Calm, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 462 (100%) |
| Owner Occupied HU | 317 (68.6%) |
| Renter Occupied HU | 71 (15.4%) |
| Vacant Housing Units | 74 (16.0%) |
| Median Home Value | $178,676 |
| Average Home Value | $294,069 |
Housing Distribution
Address Breakdown
Residential
491
Single Family
491
Multi-Family
0
Businesses
23
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Listed by: Tawne Owen • Central Realty
Mls Name: WMLS
Mls Provider:
Mls ID: #223365
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-09-02 03:58:24 PDT