616 Fm 83BroaddusTX75929
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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 Broaddus at 616 Fm 83, Broaddus, TX, 75929 generates $2,039/mo in rent and, after a $1,366/mo payment, leaves $55/mo in cash flow. Total monthly income is $2,039/mo, and annual cash flow is $655/yr on $92,489 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 8.77% on a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 107.86% and total cumulative return in cash sums $99,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,039/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
5.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75929, Broaddus, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,242 (100%) |
| Owner Occupied HU | 605 (48.7%) |
| Renter Occupied HU | 66 ( 5.3%) |
| Vacant Housing Units | 571 (46.0%) |
| Median Home Value | $144,886 |
| Average Home Value | $291,347 |
Housing Distribution
Address Breakdown
Residential
872
Single Family
872
Multi-Family
0
Businesses
44
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Listed by: Angela McDonald • Re/Max Ranch and Residential
Mls Name: LAR
Mls Provider:
Mls ID: #4210693
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.