607 Elm StRangerTX76470
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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 Ranger at 607 Elm St, Ranger, TX, 76470 generates $1,080/mo in rent and, after a $631/mo payment, leaves $163/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $1,957/yr on $42,764 invested. Return on cash invested sits at 24.48% in year one, and rental yield is 10.05% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash sums $55,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76470, Ranger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,632 (100%) |
| Owner Occupied HU | 847 (51.9%) |
| Renter Occupied HU | 410 (25.1%) |
| Vacant Housing Units | 375 (23.0%) |
| Median Home Value | $122,246 |
| Average Home Value | $257,223 |
Housing Distribution
Address Breakdown
Residential
1,387
Single Family
1,288
Multi-Family
99
Businesses
136
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Listed by: Gabriela Emerton • Fathom Realty, LLC
Mls Name: NTREIS
Mls ID: #20693631
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.