610 Phillips StCleburneTX76033
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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 Cleburne at 610 Phillips St, Cleburne, TX, 76033 uses $82,842 cash to close to unlock $3,880/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,223/mo payment keeps the spread at $323/mo. Purchase price stands at $249,900, and rental yield measures 10.18% with $2,119/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 129.3% and total cumulative return in cash records $107,114. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1970
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76033, Cleburne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,115 (100%) |
| Owner Occupied HU | 7,086 (58.5%) |
| Renter Occupied HU | 4,001 (33.0%) |
| Vacant Housing Units | 1,028 ( 8.5%) |
| Median Home Value | $259,771 |
| Average Home Value | $310,697 |
Housing Distribution
Address Breakdown
Residential
11,708
Single Family
10,362
Multi-Family
1,346
Businesses
1,335
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Listed by: Franchesca Duarte • AmbitionX Real Estate LLC
Mls Name: NTREIS
Mls ID: #20916363
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.