602 N Bosque StMeridianTX76665
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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
Investment property for sale in Meridian at 602 N Bosque St, Meridian, TX, 76665 uses $43,261 cash to close to unlock $1,125/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $1,022/mo, and a $639/mo payment keeps the spread at $94/mo. Purchase price stands at $130,500, and rental yield measures 9.4% with $1,022/mo rent. Return on cash invested shows 22.51% in year one, and 5% annual appreciation builds toward $36,055 over five years. Five-year ROI reaches 118.04% and total cumulative return in cash records $51,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,022/mo property income covering a $639/mo payment rather than investor’s personal income.
Single Family
Built in 1942
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76665, Meridian, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,208 (100%) |
| Owner Occupied HU | 735 (60.8%) |
| Renter Occupied HU | 262 (21.7%) |
| Vacant Housing Units | 211 (17.5%) |
| Median Home Value | $184,028 |
| Average Home Value | $338,017 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
156
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