704 W Brazos St, Groesbeck, TX, 76642 | $519/mo Cash Flow

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704 W Brazos St, Groesbeck, TX, 76642 | $519/mo Cash Flow | Ziffy

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Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Groesbeck at 704 W Brazos St, Groesbeck, TX, 76642 generates $1,578/mo in rent and, after a $729/mo payment, leaves $519/mo in cash flow. Total monthly income is $1,578/mo, and annual cash flow is $6,225/yr on $49,394 invested. Return on cash invested sits at 32.51% in year one, and rental yield is 12.71% on a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 171.65% and total cumulative return in cash sums $84,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,578/mo property income rather than buyer’s personal income.

Single Family

Built in 1982

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Unique dual-living layout in the heart of Groesbeck! This spacious home offers two separate 2-bedroom, 1-bath units under one roof! ideal for multi-generational living, short or long-term rental income, or roommate flexibility. Recently updated with fresh paint, vinyl plank flooring, brick kitchen accents, and custom wood cabinetry. This well maintained property features a durable metal roof, large fenced back yard, covered parking, private entrances for each unit, and mature trees providing shade and curb appeal. Sitting on a corner lot. Each side includes its own living spaces, with a bathroom, washer and dryer hook up in a utility area with with shared courtyard-style rear layout. Great opportunity for owner-occupants or investors looking for a move-in ready income property in a quiet, residential setting. Convenient to schools, shopping, and downtown Groesbeck. Located just 90 minutes from Dallas and 45 min to Waco Tx, 2.5 hours to Houston. Groesbeck offers the perfect balance of peaceful country living and quick access to city amenities. Groesbeck Texas is a friendly small town known for its low taxes, top rated Groesbeck ISD, historic charm and close proximity to Lake Limestone and Fort Parker State Park.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,137 (100%)
Owner Occupied HU	1,869 (59.6%)
Renter Occupied HU	597 (19.0%)
Vacant Housing Units	671 (21.4%)
Median Home Value	$228,822
Average Home Value	$332,311