508 E Franklin StHillsboroTX76645
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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 Hillsboro at 508 E Franklin St, Hillsboro, TX, 76645 priced at $339,000 pairs $2,840/mo rent with $430/mo cash flow after a $1,659/mo payment. Total monthly income equals $2,840/mo, and annual cash flow comes to $5,155/yr on $112,379 invested. Return on cash invested is 24.5% in year one, and rental yield stands at 10.05% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 128.65% and total cumulative return in cash reaches $144,580. For financing, Ziffy Mortgage’s DSCR program evaluates $2,840/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1945
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,917 (100%) |
| Owner Occupied HU | 2,873 (58.4%) |
| Renter Occupied HU | 1,461 (29.7%) |
| Vacant Housing Units | 583 (11.9%) |
| Median Home Value | $200,509 |
| Average Home Value | $251,751 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
3,965
Multi-Family
482
Businesses
599
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