604 Broad AveBallingerTX76821
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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 Ballinger at 604 Broad Ave, Ballinger, TX, 76821 uses $62,819 cash to close to unlock $2,015/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,516/mo, and a $928/mo payment keeps the spread at $168/mo. Purchase price stands at $189,500, and rental yield measures 9.6% with $1,516/mo rent. Return on cash invested shows 23.12% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 121.26% and total cumulative return in cash records $76,175. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,516/mo property income covering a $928/mo payment rather than investor’s personal income.
Single Family
Built in 1965
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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Listed by: Bob Ingram • Bob Ingram Real Estate
Mls Name: San Angelo AOR
Mls Provider:
Mls ID: #125113
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.