704 N Broadway StBallingerTX76821
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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 Ballinger at 704 N Broadway St, Ballinger, TX, 76821 priced at $209,900 pairs $630/mo rent with after a $1,027/mo payment. Total monthly income equals $630/mo. Return on cash invested is 5.04% in year one, and rental yield stands at 3.6% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 24.31% and total cumulative return in cash reaches $16,916. For financing, Ziffy Mortgage’s DSCR program evaluates $630/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76821, Ballinger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,283 (100%) |
| Owner Occupied HU | 1,384 (60.6%) |
| Renter Occupied HU | 427 (18.7%) |
| Vacant Housing Units | 472 (20.7%) |
| Median Home Value | $115,526 |
| Average Home Value | $148,624 |
Housing Distribution
Address Breakdown
Residential
1,943
Single Family
1,921
Multi-Family
22
Businesses
283
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