707 Palmer StRockdaleTX76567
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 Rockdale at 707 Palmer St, Rockdale, TX, 76567 offers $2,192/mo rent that, after a $1,496/mo payment, leaves $18/mo cash flow. Total monthly income is $2,192/mo, and annual cash flow is $220/yr on $101,340 cash. Return on cash invested measures 20.13% in year one, and rental yield stands at 8.6% at a $305,700 entry. Equity gained on principal adds $1,973/yr while 5% annual appreciation compounds into $84,459 by year five. Five-year ROI records 105.24% and total cumulative return in cash reaches $106,645. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,192/mo property income versus a $1,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76567, Rockdale, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,335 (100%) |
| Owner Occupied HU | 2,658 (61.3%) |
| Renter Occupied HU | 1,028 (23.7%) |
| Vacant Housing Units | 649 (15.0%) |
| Median Home Value | $203,413 |
| Average Home Value | $242,253 |
Housing Distribution
Address Breakdown
Residential
4,058
Single Family
3,873
Multi-Family
185
Businesses
399
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices