616 N McKinney StDe LeonTX76444
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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 De Leon at 616 N McKinney St, De Leon, TX, 76444 priced at $280,000 converts $1,660/mo rent into after a $1,370/mo obligation. Total monthly income equals $1,660/mo. Return on cash invested prints 15.63% in year one, and rental yield reads 7.11% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 81.15% and total cumulative return in cash sums $75,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,660/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76444, De Leon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,821 (100%) |
| Owner Occupied HU | 1,183 (65.0%) |
| Renter Occupied HU | 331 (18.2%) |
| Vacant Housing Units | 307 (16.9%) |
| Median Home Value | $154,167 |
| Average Home Value | $253,586 |
Housing Distribution
Address Breakdown
Residential
1,632
Single Family
1,598
Multi-Family
34
Businesses
137
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