715 Irving StHerefordTX79045
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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 Hereford at 715 Irving St, Hereford, TX, 79045 offers a 19.67% rental yield on a $103,000 purchase with $1,688/mo rent. Total monthly income registers $1,688/mo, and a $504/mo payment leaves $953/mo available for distribution. Annual cash flow reaches $11,440/yr on $34,145 to close, and return on cash invested stands at 53.41% in year one. Equity gained on principal adds $665/yr while 5% annual appreciation supports $28,457 over five years. Portfolio math shows five-year ROI at 283.86% and total cumulative return in cash at $96,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,688/mo property income against a $504/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79045, Hereford, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,047 (100%) |
| Owner Occupied HU | 4,033 (57.2%) |
| Renter Occupied HU | 2,262 (32.1%) |
| Vacant Housing Units | 752 (10.7%) |
| Median Home Value | $125,034 |
| Average Home Value | $177,837 |
Housing Distribution
Address Breakdown
Residential
6,507
Single Family
6,198
Multi-Family
309
Businesses
789
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Nearby investment properties with comparable prices
Listed by: Raymond Guzman • The Mark Andrews Agency
Mls Name: TAR MLS
Mls ID: #211058
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-12-27 01:39:35 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Association provides the MLS and all content therein AS IS and without any warranty, express or implied. Copyright of Texas REALTORS. MLS aggregate data may not be reproduced or distributed.