507 E Park AveHerefordTX79045
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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 Hereford at 507 E Park Ave, Hereford, TX, 79045 uses $44,753 cash to close to unlock $957/yr annual cash flow and $80/mo monthly cash flow. Total monthly income runs $1,040/mo, and a $661/mo payment keeps the spread at $80/mo. Purchase price stands at $135,000, and rental yield measures 9.24% with $1,040/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash records $51,697. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,040/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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