6975 W Fm 922EraTX76238
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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 Era at 6975 W Fm 922, Era, TX, 76238 uses $158,789 cash to close to unlock $6,159/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $3,919/mo, and a $2,344/mo payment keeps the spread at $513/mo. Purchase price stands at $479,000, and rental yield measures 9.82% with $3,919/mo rent. Return on cash invested shows 23.79% in year one, and 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 124.86% and total cumulative return in cash records $198,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,919/mo property income covering a $2,344/mo payment rather than investor’s personal income.
Single Family
Built in 2002
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76238, Era, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 197 (100%) |
| Owner Occupied HU | 153 (77.7%) |
| Renter Occupied HU | 29 (14.7%) |
| Vacant Housing Units | 15 ( 7.6%) |
| Median Home Value | $351,667 |
| Average Home Value | $458,023 |
Housing Distribution
Address Breakdown
Residential
97
Single Family
97
Multi-Family
0
Businesses
24
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Listed by: Nina Christopher • LPT Realty, LLC
Mls Name: NTREIS
Mls ID: #20609854
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.