704 N Glass StFranklinTX77856
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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 Franklin at 704 N Glass St, Franklin, TX, 77856 uses $76,212 cash to close to unlock $2,045/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $1,805/mo, and a $1,125/mo payment keeps the spread at $170/mo. Purchase price stands at $229,900, and rental yield measures 9.42% with $1,805/mo rent. Return on cash invested shows 22.59% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 118.47% and total cumulative return in cash records $90,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,805/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77856, Franklin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,893 (100%) |
| Owner Occupied HU | 1,708 (59.0%) |
| Renter Occupied HU | 386 (13.3%) |
| Vacant Housing Units | 799 (27.6%) |
| Median Home Value | $313,761 |
| Average Home Value | $370,922 |
Housing Distribution
Address Breakdown
Residential
2,097
Single Family
2,097
Multi-Family
0
Businesses
215
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Listed by: Olivia Campbell • Franklin Realty
Mls Name: BCSMLS
Mls Provider:
Mls ID: #25003357
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.