515 Griffith AveTerrellTX75160
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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 Terrell at 515 Griffith Ave, Terrell, TX, 75160 priced at $679,900 converts $2,034/mo rent into after a $3,328/mo obligation. Total monthly income equals $2,034/mo. Return on cash invested prints 5.03% in year one, and rental yield reads 3.59% against a $679,900 entry. Equity gained on principal adds $4,387/yr, while 5% annual appreciation compiles into $187,844 by year five. Five-year ROI reaches 24.25% and total cumulative return in cash sums $54,245. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75160, Terrell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 6,339 (59.2%) |
| Renter Occupied HU | 3,563 (33.3%) |
| Vacant Housing Units | 799 ( 7.5%) |
| Median Home Value | $313,227 |
| Average Home Value | $338,221 |
Housing Distribution
Address Breakdown
Residential
10,259
Single Family
8,530
Multi-Family
1,729
Businesses
1,261
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Listed by: Matthew Malone • Malone and Associates RE
Mls Name: NTREIS
Mls ID: #20706507
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.