538 E Fm 1988GoodrichTX77335
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 538 E Fm 1988, Goodrich, TX, 77335 in Goodrich. At $289,900 it earns $2,387/mo in rent and distributes $325/mo to the owner after the $1,304/mo payment, a consistent 9.88% yield. DSCR 1.83 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $80,094 in value; $2,670/yr in principal paydown compounds ownership stake. Total projected return: $132,048.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $325 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,387 |
| Total Monthly Debt Service | $1,946 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1986
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1986
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77335, Goodrich, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,269 (100%) |
| Owner Occupied HU | 748 (58.9%) |
| Renter Occupied HU | 179 (14.1%) |
| Vacant Housing Units | 342 (27.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $228,011 |
Housing Distribution
Address Breakdown
Residential
688
Single Family
687
Multi-Family
1
Businesses
50
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Rendon Darst • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #2692845
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