536 E 3rd StHicoTX76457
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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 Hico at 536 E 3rd St, Hico, TX, 76457 generates $2,746/mo in rent and, after a $1,772/mo payment, leaves $172/mo in cash flow. Total monthly income is $2,746/mo, and annual cash flow is $2,059/yr on $120,003 invested. Return on cash invested sits at 21.62% in year one, and rental yield is 9.1% on a $362,000 entry. Equity gained on principal adds $2,336/yr, while 5% annual appreciation builds toward $100,014 over five years. Five-year ROI reaches 113.27% and total cumulative return in cash sums $135,925. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,746/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76457, Hico, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,299 (59.3%) |
| Renter Occupied HU | 406 (18.5%) |
| Vacant Housing Units | 484 (22.1%) |
| Median Home Value | $260,659 |
| Average Home Value | $374,378 |
Housing Distribution
Address Breakdown
Residential
1,597
Single Family
1,597
Multi-Family
0
Businesses
162
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