515 N Texas StElectraTX76360
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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 Electra at 515 N Texas St, Electra, TX, 76360 earns $50/mo cash flow from $903/mo rent with a $587/mo payment. Total monthly income totals $903/mo, and annual cash flow totals $603/yr on $39,747 capital. ROI tracks 21.43% on current figures, and rental yield reads 9.04% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 112.28% and total cumulative return in cash sums $44,628. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $903/mo property income instead of your personal income.
Single Family
Built in 2003
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76360, Electra, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,509 (100%) |
| Owner Occupied HU | 854 (56.6%) |
| Renter Occupied HU | 382 (25.3%) |
| Vacant Housing Units | 273 (18.1%) |
| Median Home Value | $90,952 |
| Average Home Value | $143,762 |
Housing Distribution
Address Breakdown
Residential
1,235
Single Family
1,235
Multi-Family
0
Businesses
110
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