Old Us Highway 287GrovetonTX75845
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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 Groveton at Old Us Highway 287, Groveton, TX, 75845 priced at $120,000 pairs $2,635/mo rent with $1,782/mo cash flow after a $587/mo payment. Total monthly income equals $2,635/mo, and annual cash flow comes to $21,384/yr on $39,780 invested. Return on cash invested is 73.66% in year one, and rental yield stands at 26.35% on a $120,000 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,154 by year five. Five-year ROI measures 392.3% and total cumulative return in cash reaches $156,055. For financing, Ziffy Mortgage’s DSCR program evaluates $2,635/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75845, Groveton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,635 (100%) |
| Owner Occupied HU | 994 (60.8%) |
| Renter Occupied HU | 259 (15.8%) |
| Vacant Housing Units | 382 (23.4%) |
| Median Home Value | $114,096 |
| Average Home Value | $170,719 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
99
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Listed by: Barbara Milstead • Jerman Realty Inc.
Mls Name: HAR
Mls Provider:
Mls ID: #92089417
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