703 E 4th StHerefordTX79045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hereford at 703 E 4th St, Hereford, TX, 79045 priced at $145,000 converts $1,912/mo rent into $881/mo cash flow after a $710/mo obligation. Total monthly income equals $1,912/mo, and annual cash flow totals $10,567/yr on $48,068 invested. Return on cash invested prints 41.89% in year one, and rental yield reads 15.82% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 221.98% and total cumulative return in cash sums $106,700. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,912/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Raymond Guzman • The Mark Andrews Agency
Mls Name: TAR MLS
Mls ID: #209304
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-12-27 01:39:35 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.