615 E Jacinto StGroesbeckTX76642
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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 Groesbeck at 615 E Jacinto St, Groesbeck, TX, 76642 priced at $150,000 converts $1,140/mo rent into $74/mo cash flow after a $734/mo obligation. Total monthly income equals $1,140/mo, and annual cash flow totals $882/yr on $49,725 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 9.12% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 113.6% and total cumulative return in cash sums $56,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1975
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
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