510 N Ellis St, Groesbeck, TX, 76642 | 7.75% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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510 N Ellis St, Groesbeck, TX, 76642 | 7.75% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Groesbeck at 510 N Ellis St, Groesbeck, TX, 76642 with 5% annual appreciation on a $169,000 basis while $1,091/mo rent supports operations. 54% in year one. Equity gained on principal adds $1,091/yr, and five-year appreciation sums $46,692 alongside rental yield of 7.75%. Five-year ROI measures 91.41% and total cumulative return in cash totals $51,211. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,091/mo property income versus a $827/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in N/A

6,708 sqft lot

$N/A/sqft

No HOA

More details about the property

Great opportunity to own a home with potential for investment income as well! Located on Ellis Street in fabulous Groesbeck, this 1150 sq. ft. 2 bedroom 1 bath home has beautiful hardwood flooring throughout and great natural lighting. The stainless range and refrigerator will convey with the home. There is an additional room in back that would make a great sunroom, office space, or utility room. Ceiling fans and window units are throughout. In the backyard there is a storage shed and area that has been fenced separately that could be used as a garden space or for a pet. The separate lot can be used to build another residence or as a commercial site for your own business and already has city water, electricity and sewer! I would love to show you this property that offers so much potential!

Neighborhood Data

Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,137 (100%)
Owner Occupied HU	1,869 (59.6%)
Renter Occupied HU	597 (19.0%)
Vacant Housing Units	671 (21.4%)
Median Home Value	$228,822
Average Home Value	$332,311