610 W Cedar StNoconaTX76255
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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 Nocona at 610 W Cedar St, Nocona, TX, 76255 uses $99,450 cash to close to unlock $2,364/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $1,468/mo payment keeps the spread at $197/mo. Purchase price stands at $300,000, and rental yield measures 9.32% with $2,330/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash records $116,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1932
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76255, Nocona, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 1,790 (56.8%) |
| Renter Occupied HU | 631 (20.0%) |
| Vacant Housing Units | 733 (23.2%) |
| Median Home Value | $188,393 |
| Average Home Value | $281,074 |
Housing Distribution
Address Breakdown
Residential
2,483
Single Family
2,483
Multi-Family
0
Businesses
261
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