509 E 2nd StMilesTX76861
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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 Miles at 509 E 2nd St, Miles, TX, 76861 with 5% annual appreciation on a $180,100 basis while $1,859/mo rent supports operations. Total monthly income totals $1,859/mo and a $882/mo payment preserves $579/mo for cash returns. Annual cash flow comes to $6,945/yr on $59,703 deployed, and return on cash invested reaches 31.54% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,758 alongside rental yield of 12.39%. Five-year ROI measures 166.42% and total cumulative return in cash totals $99,360.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,859/mo property income versus a $882/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76861, Miles, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 601 (66.9%) |
| Renter Occupied HU | 142 (15.8%) |
| Vacant Housing Units | 156 (17.4%) |
| Median Home Value | $257,381 |
| Average Home Value | $271,394 |
Housing Distribution
Address Breakdown
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
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