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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hillsboro at 701 E Elm St, Hillsboro, TX, 76645 priced at $199,900 converts $1,788/mo rent into $367/mo cash flow after a $978/mo obligation. Total monthly income equals $1,788/mo, and annual cash flow totals $4,403/yr on $66,267 invested. Return on cash invested prints 26.55% in year one, and rental yield reads 10.73% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 139.67% and total cumulative return in cash sums $92,557. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,788/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1945
7,797 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76645, Hillsboro, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,917 (100%) |
| Owner Occupied HU | 2,873 (58.4%) |
| Renter Occupied HU | 1,461 (29.7%) |
| Vacant Housing Units | 583 (11.9%) |
| Median Home Value | $200,509 |
| Average Home Value | $251,751 |
Residential
4,447
Single Family
3,965
Multi-Family
482
Businesses
599
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bryan Redmond • Red Realty TX, LLC
Mls Name: NTREIS
Mls ID: #21072727
