603 E Pace St, Frost, TX, 76641 | 8.17% Rental Yield

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603 E Pace St, Frost, TX, 76641 | 8.17% Rental Yield | Ziffy

For Sale

Fix & Flip

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

Investment property for sale in Frost at 603 E Pace St, Frost, TX, 76641 offers a 8.17% rental yield on a $369,000 purchase with $2,512/mo rent. 81% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 98.2% and total cumulative return in cash at $120,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,512/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1968

4.02 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious mid-century ranch on 4.1 acres (two parcels) in Frost, Texascentrally located between Dallas, Waxahachie, Hillsboro, and Corsicana. The home sits on a 0.46-acre lot fronting Pace Street, adjoining an additional 3.64-acre tract with frontage on State Highway 22 and Shepherd Street. The land currently carries an ag exemption for hay production and offers excellent potential for residential subdivision, small-acre development, or light commercial use. The 2,613 sq ft brick home features solid 1960s construction and a single-level layout. Foundation work completed in 2019 (patch areas visible on flooring). The home is livable as-is but ideal for remodeling or modernization. Highlights include multiple living and dining areas, brick fireplace with built-ins, cedar-lined closet, and large kitchen with stainless appliances. Enjoy a quiet small-town setting with open space, mature trees, and easy highway access to major city amenities. Offered as-is by local bank, acting as Trustee for a Living Trust.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76641, Frost, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	915 (100%)
Owner Occupied HU	618 (67.5%)
Renter Occupied HU	121 (13.2%)
Vacant Housing Units	176 (19.2%)
Median Home Value	$217,123
Average Home Value	$270,445