601 S Spruce StStratfordTX79084
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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 Stratford at 601 S Spruce St, Stratford, TX, 79084 priced at $215,000 converts $1,537/mo rent into $8/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,537/mo, and annual cash flow totals $101/yr on $71,273 invested. Return on cash invested prints 20.05% in year one, and rental yield reads 8.58% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 104.84% and total cumulative return in cash sums $74,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,537/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79084, Stratford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 945 (100%) |
| Owner Occupied HU | 590 (62.4%) |
| Renter Occupied HU | 216 (22.9%) |
| Vacant Housing Units | 139 (14.7%) |
| Median Home Value | $135,169 |
| Average Home Value | $180,640 |
Housing Distribution
Address Breakdown
Residential
59
Single Family
59
Multi-Family
0
Businesses
102
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