510 E Hayes StSavoyTX75479
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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 Savoy at 510 E Hayes St, Savoy, TX, 75479 generates $1,259/mo in rent, after a $6,020/mo payment. Total monthly income is $1,259/mo. Return on cash invested sits at -2.18% in year one, and rental yield is 1.23% on a $1,230,000 entry. Equity gained on principal adds $7,937/yr, while 5% annual appreciation builds toward $339,826 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.
Multi Family
Built in 1970
3.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75479, Savoy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 963 (100%) |
| Owner Occupied HU | 709 (73.6%) |
| Renter Occupied HU | 141 (14.6%) |
| Vacant Housing Units | 113 (11.7%) |
| Median Home Value | $245,962 |
| Average Home Value | $365,321 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
709
Multi-Family
0
Businesses
48
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