602 E Franklin AveElectraTX76360
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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 Electra at 602 E Franklin Ave, Electra, TX, 76360 priced at $104,000 converts $2,774/mo rent into $1,955/mo cash flow after a $509/mo obligation. Total monthly income equals $2,774/mo, and annual cash flow totals $23,457/yr on $34,476 invested. Return on cash invested prints 87.95% in year one, and rental yield reads 32.01% against a $104,000 entry. Equity gained on principal adds $671/yr, while 5% annual appreciation compiles into $28,733 by year five. Five-year ROI reaches 469.96% and total cumulative return in cash sums $162,024. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,774/mo property income covering a $509/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76360, Electra, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,509 (100%) |
| Owner Occupied HU | 854 (56.6%) |
| Renter Occupied HU | 382 (25.3%) |
| Vacant Housing Units | 273 (18.1%) |
| Median Home Value | $90,952 |
| Average Home Value | $143,762 |
Housing Distribution
Address Breakdown
Residential
1,235
Single Family
1,235
Multi-Family
0
Businesses
110
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Listed by: Elisabeth Baker • Local Group, LLC
Mls Name: NTREIS
Mls ID: #20662205
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.