604 Fordtrand StEllingerTX78938
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
Investment property for sale in Ellinger at 604 Fordtrand St, Ellinger, TX, 78938 with 5% annual appreciation on a $150,000 basis while $1,161/mo rent supports operations. Total monthly income totals $1,161/mo and a $734/mo payment preserves $95/mo for cash returns. Annual cash flow comes to $1,134/yr on $49,725 deployed, and return on cash invested reaches 22.19% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.29%. Five-year ROI measures 116.33% and total cumulative return in cash totals $57,846.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,161/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78938, Ellinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 192 (100%) |
| Owner Occupied HU | 122 (63.5%) |
| Renter Occupied HU | 23 (12.0%) |
| Vacant Housing Units | 47 (24.5%) |
| Median Home Value | $397,059 |
| Average Home Value | $473,074 |
Housing Distribution
Address Breakdown
Residential
146
Single Family
146
Multi-Family
0
Businesses
14
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