603 E Ross StHamiltonTX76531
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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 Hamilton at 603 E Ross St, Hamilton, TX, 76531 offers $3,217/mo rent that, after a $2,589/mo payment. Total monthly income is $3,217/mo. Return on cash invested measures 16.31% in year one, and rental yield stands at 7.3% at a $529,000 entry. Equity gained on principal adds $3,414/yr while 5% annual appreciation compounds into $146,153 by year five. Five-year ROI records 84.72% and total cumulative return in cash reaches $147,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,217/mo property income versus a $2,589/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76531, Hamilton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,499 (100%) |
| Owner Occupied HU | 1,491 (59.7%) |
| Renter Occupied HU | 527 (21.1%) |
| Vacant Housing Units | 481 (19.2%) |
| Median Home Value | $149,523 |
| Average Home Value | $285,812 |
Housing Distribution
Address Breakdown
Residential
2,081
Single Family
2,081
Multi-Family
0
Businesses
305
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Listed by: Josh Mehaffey • Ranch Connection LLC
Mls Name: NTREIS
Mls ID: #20661276
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.