601 E Michalk St, Thorndale, TX, 76577 | $351/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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601 E Michalk St, Thorndale, TX, 76577 | $351/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Thorndale at 601 E Michalk St, Thorndale, TX, 76577 offers $1,868/mo rent that, after a $1,044/mo payment, leaves $351/mo cash flow. Total monthly income is $1,868/mo, and annual cash flow is $4,212/yr on $70,742 cash. Return on cash invested measures 25.86% in year one, and rental yield stands at 10.5% at a $213,399 entry. Equity gained on principal adds $1,377/yr while 5% annual appreciation compounds into $58,958 by year five. Five-year ROI records 135.96% and total cumulative return in cash reaches $96,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,868/mo property income versus a $1,044/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1935

0.40 Acres lot

$N/A/sqft

No HOA

More details about the property

VICTORIAN TWO STORY! We just listed 601 E Michalk St that is a gorgeous Victorian style two-story home that has a lot of character and charm. This is a truly a great property to invest in. The home sits on a LARGE LOT spanning 17,550 Sq. Ft. of land which provides you with plenty of yard space. The location is also less than an hour outside of Downtown Austin in a secluded neighborhood with lots of amenities nearby such as local parks, supermarkets, and gas stations. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76577, Thorndale, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,541 (100%)
Owner Occupied HU	1,098 (71.3%)
Renter Occupied HU	256 (16.6%)
Vacant Housing Units	187 (12.1%)
Median Home Value	$248,969
Average Home Value	$362,136