824 S Texas 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 824 S Texas St, Hereford, TX, 79045 earns $742/mo cash flow from $1,524/mo rent with a $538/mo payment. Total monthly income totals $1,524/mo, and annual cash flow totals $8,906/yr on $36,465 capital. ROI tracks 44.33% on current figures, and rental yield reads 16.63% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 235.16% and total cumulative return in cash sums $85,752. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,524/mo property income instead of your personal income.
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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Listed by: Raul H Valdez • Marn Tyler Real Estate
Mls Name: TAR MLS
Mls ID: #211413
Disclaimer: Based on information from the Multiple Listing Service of the Association as of 2024-12-27 01:09:32 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.