704 W Riley StFreerTX78357
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 Freer at 704 W Riley St, Freer, TX, 78357 offers $1,427/mo rent that, after a $663/mo payment, leaves $464/mo cash flow. Total monthly income is $1,427/mo, and annual cash flow is $5,564/yr on $44,918 cash. Return on cash invested measures 32.3% in year one, and rental yield stands at 12.64% at a $135,500 entry. Equity gained on principal adds $874/yr while 5% annual appreciation compounds into $37,436 by year five. Five-year ROI records 170.53% and total cumulative return in cash reaches $76,598. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,427/mo property income versus a $663/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78357, Freer, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,268 (100%) |
| Owner Occupied HU | 773 (61.0%) |
| Renter Occupied HU | 269 (21.2%) |
| Vacant Housing Units | 226 (17.8%) |
| Median Home Value | $113,770 |
| Average Home Value | $129,337 |
Housing Distribution
Address Breakdown
Residential
22
Single Family
22
Multi-Family
0
Businesses
114
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