613 S Gorst StClarendonTX79226
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 Clarendon at 613 S Gorst St, Clarendon, TX, 79226 uses $46,410 cash to close to unlock $1,496/yr annual cash flow and $125/mo monthly cash flow. Total monthly income runs $1,120/mo, and a $685/mo payment keeps the spread at $125/mo. Purchase price stands at $140,000, and rental yield measures 9.6% with $1,120/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 121.37% and total cumulative return in cash records $56,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,120/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79226, Clarendon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,639 (100%) |
| Owner Occupied HU | 824 (50.3%) |
| Renter Occupied HU | 310 (18.9%) |
| Vacant Housing Units | 505 (30.8%) |
| Median Home Value | $108,989 |
| Average Home Value | $156,735 |
Housing Distribution
Address Breakdown
Residential
562
Single Family
338
Multi-Family
224
Businesses
151
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices