604 W Main StRichlandTX76681
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 Richland at 604 W Main St, Richland, TX, 76681 offers $1,164/mo rent that, after a $734/mo payment, leaves $98/mo cash flow. Total monthly income is $1,164/mo, and annual cash flow is $1,170/yr on $49,725 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 9.31% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 116.74% and total cumulative return in cash reaches $58,050. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,164/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76681, Richland, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 287 (100%) |
| Owner Occupied HU | 178 (62.0%) |
| Renter Occupied HU | 30 (10.5%) |
| Vacant Housing Units | 79 (27.5%) |
| Median Home Value | $154,412 |
| Average Home Value | $290,478 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
22
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