507 Hamilton AveBallingerTX76821
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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 Ballinger at 507 Hamilton Ave, Ballinger, TX, 76821 offers a 9.44% rental yield on a $149,700 purchase with $1,178/mo rent. Total monthly income registers $1,178/mo, and a $733/mo payment leaves $113/mo available for distribution. Annual cash flow reaches $1,358/yr on $49,626 to close, and return on cash invested stands at 22.65% in year one. Equity gained on principal adds $966/yr while 5% annual appreciation supports $41,359 over five years. Portfolio math shows five-year ROI at 118.82% and total cumulative return in cash at $58,964. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,178/mo property income against a $733/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
7,230 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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Listed by: Joanie Strasser • Turnkey Realty LLC
Mls Name: NTREIS
Mls ID: #20935067
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.