604 Avenue EMenardTX76859
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Menard at 604 Avenue E, Menard, TX, 76859 priced at $215,000 converts $3,967/mo rent into $2,438/mo cash flow after a $1,052/mo obligation. Total monthly income equals $3,967/mo, and annual cash flow totals $29,261/yr on $71,273 invested. Return on cash invested prints 60.96% in year one, and rental yield reads 22.14% 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 324.24% and total cumulative return in cash sums $231,097. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,967/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 2016
3.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76859, Menard, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 624 (50.6%) |
| Renter Occupied HU | 186 (15.1%) |
| Vacant Housing Units | 424 (34.4%) |
| Median Home Value | $117,045 |
| Average Home Value | $212,796 |
Housing Distribution
Address Breakdown
Residential
131
Single Family
130
Multi-Family
1
Businesses
91
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