516 E Lee AveGrafordTX76449
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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 Graford at 516 E Lee Ave, Graford, TX, 76449 offers $1,334/mo rent that, after a $827/mo payment, leaves $132/mo cash flow. Total monthly income is $1,334/mo, and annual cash flow is $1,589/yr on $56,024 cash. Return on cash invested measures 22.74% in year one, and rental yield stands at 9.47% at a $169,000 entry. Equity gained on principal adds $1,091/yr while 5% annual appreciation compounds into $46,692 by year five. Five-year ROI records 119.32% and total cumulative return in cash reaches $66,847. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,334/mo property income versus a $827/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76449, Graford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,703 (100%) |
| Owner Occupied HU | 937 (34.7%) |
| Renter Occupied HU | 213 ( 7.9%) |
| Vacant Housing Units | 1,553 (57.5%) |
| Median Home Value | $315,734 |
| Average Home Value | $427,124 |
Housing Distribution
Address Breakdown
Residential
1,839
Single Family
1,836
Multi-Family
3
Businesses
138
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Listed by: Rich Kidwell • CENTURY 21 The Hills Realty
Mls Name: NTREIS
Mls ID: #20803373
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.