516 N Abbott StHillsboroTX76645
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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 Hillsboro at 516 N Abbott St, Hillsboro, TX, 76645 offers a 8.61% rental yield on a $223,500 purchase with $1,603/mo rent. Total monthly income registers $1,603/mo, and a $1,094/mo payment leaves $14/mo available for distribution. Annual cash flow reaches $163/yr on $74,090 to close, and return on cash invested stands at 20.13% in year one. Equity gained on principal adds $1,442/yr while 5% annual appreciation supports $61,749 over five years. Portfolio math shows five-year ROI at 105.24% and total cumulative return in cash at $77,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,603/mo property income against a $1,094/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,917 (100%) |
| Owner Occupied HU | 2,873 (58.4%) |
| Renter Occupied HU | 1,461 (29.7%) |
| Vacant Housing Units | 583 (11.9%) |
| Median Home Value | $200,509 |
| Average Home Value | $251,751 |
Housing Distribution
Address Breakdown
Residential
4,447
Single Family
3,965
Multi-Family
482
Businesses
599
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Listed by: Michael Mitchell • New Century Realty, Inc.
Mls Name: NTREIS
Mls ID: #20912065
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.