Running Water Rd TRACT 2HappyTX79042
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
Investment property for sale in Happy at Running Water Rd TRACT 2, Happy, TX, 79042 offers a 9.64% rental yield on a $166,250 purchase with $1,336/mo rent. Total monthly income registers $1,336/mo, and a $814/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,842/yr on $55,112 to close, and return on cash invested stands at 23.25% in year one. Equity gained on principal adds $1,073/yr while 5% annual appreciation supports $45,932 over five years. Portfolio math shows five-year ROI at 122.01% and total cumulative return in cash at $67,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,336/mo property income against a $814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
47.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79042, Happy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 514 (100%) |
| Owner Occupied HU | 331 (64.4%) |
| Renter Occupied HU | 105 (20.4%) |
| Vacant Housing Units | 78 (15.2%) |
| Median Home Value | $210,484 |
| Average Home Value | $278,784 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colby Gunnels • Clift Land Brokers
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9226
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.