718 S College AveTroyTX76579
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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 Troy at 718 S College Ave, Troy, TX, 76579 uses $39,780 cash to close to unlock $8,291/yr annual cash flow and $691/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $587/mo payment keeps the spread at $691/mo. Purchase price stands at $120,000, and rental yield measures 17.78% with $1,778/mo rent. Return on cash invested shows 40.75% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 218.36% and total cumulative return in cash records $86,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1974
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76579, Troy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,376 (100%) |
| Owner Occupied HU | 1,715 (72.2%) |
| Renter Occupied HU | 465 (19.6%) |
| Vacant Housing Units | 196 ( 8.2%) |
| Median Home Value | $312,327 |
| Average Home Value | $353,136 |
Housing Distribution
Address Breakdown
Residential
2,280
Single Family
2,225
Multi-Family
55
Businesses
117
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