Highway 67BreckenridgeTX76424
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 Breckenridge at Highway 67, Breckenridge, TX, 76424 priced at $100,000 converts $1,213/mo rent into $502/mo cash flow after a $489/mo obligation. Total monthly income equals $1,213/mo, and annual cash flow totals $6,028/yr on $33,150 invested. Return on cash invested prints 38.09% in year one, and rental yield reads 14.56% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 201.64% and total cumulative return in cash sums $66,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,213/mo property income covering a $489/mo payment, not borrower’s personal income.
Lot
Built in N/A
11.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76424, Breckenridge, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,223 (100%) |
| Owner Occupied HU | 2,393 (56.7%) |
| Renter Occupied HU | 852 (20.2%) |
| Vacant Housing Units | 978 (23.2%) |
| Median Home Value | $144,643 |
| Average Home Value | $201,142 |
Housing Distribution
Address Breakdown
Residential
3,263
Single Family
3,076
Multi-Family
187
Businesses
509
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Smith • Re/Max Elite Group
Mls Name: WFAR
Mls Provider:
Mls ID: #174626
Disclaimer: The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Participant and listing agent(s). All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Zillow, Inc nor Wichita Falls Association of REALTORS Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2024, the Wichita Falls Association of REALTORS Multiple Listing Service, all rights reserved.