587 Reed StFairfieldTX75840
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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 Fairfield at 587 Reed St, Fairfield, TX, 75840 offers $969/mo rent that, after a $612/mo payment, leaves $80/mo cash flow. Total monthly income is $969/mo, and annual cash flow is $959/yr on $41,438 cash. Return on cash invested measures 22.22% in year one, and rental yield stands at 9.3% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 116.46% and total cumulative return in cash reaches $48,257. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $969/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75840, Fairfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,485 (100%) |
| Owner Occupied HU | 2,213 (63.5%) |
| Renter Occupied HU | 699 (20.1%) |
| Vacant Housing Units | 573 (16.4%) |
| Median Home Value | $217,467 |
| Average Home Value | $271,304 |
Housing Distribution
Address Breakdown
Residential
2,914
Single Family
2,774
Multi-Family
140
Businesses
453
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