722 Storey RdNoconaTX76255
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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
Rental property for sale in Nocona at 722 Storey Rd, Nocona, TX, 76255 priced at $950,000 converts $2,177/mo rent into after a $4,650/mo obligation. Total monthly income equals $2,177/mo. Return on cash invested prints 2.48% in year one, and rental yield reads 2.75% against a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation compiles into $262,467 by year five. Five-year ROI reaches 10.57% and total cumulative return in cash sums $33,050. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,177/mo property income covering a $4,650/mo payment, not borrower’s personal income.
Single Family
Built in 1963
2.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76255, Nocona, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,154 (100%) |
| Owner Occupied HU | 1,790 (56.8%) |
| Renter Occupied HU | 631 (20.0%) |
| Vacant Housing Units | 733 (23.2%) |
| Median Home Value | $188,393 |
| Average Home Value | $281,074 |
Housing Distribution
Address Breakdown
Residential
2,483
Single Family
2,483
Multi-Family
0
Businesses
261
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