508 Garvin StEastlandTX76448
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Eastland at 508 Garvin St, Eastland, TX, 76448 priced at $199,990 converts $1,511/mo rent into $89/mo cash flow after a $979/mo obligation. Total monthly income equals $1,511/mo, and annual cash flow totals $1,064/yr on $66,297 invested. Return on cash invested prints 21.51% in year one, and rental yield reads 9.07% against a $199,990 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation compiles into $55,254 by year five. Five-year ROI reaches 112.68% and total cumulative return in cash sums $74,705. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,511/mo property income covering a $979/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76448, Eastland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,101 (100%) |
| Owner Occupied HU | 1,776 (57.3%) |
| Renter Occupied HU | 655 (21.1%) |
| Vacant Housing Units | 670 (21.6%) |
| Median Home Value | $203,516 |
| Average Home Value | $262,323 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,241
Multi-Family
287
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tonya Harbin • Real Broker, LLC.
Mls Name: NTREIS
Mls ID: #20938869
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.