Salado Plan, Hillcrest Meadows NorthDecaturTX76234
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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 Decatur at Salado Plan, Hillcrest Meadows North, Decatur, TX, 76234 uses $148,810 cash to close to unlock $16,679/yr annual cash flow and $1,390/mo monthly cash flow. Total monthly income runs $4,582/mo, and a $2,197/mo payment keeps the spread at $1,390/mo. Purchase price stands at $448,900, and rental yield measures 12.25% with $4,582/mo rent. Return on cash invested shows 31.12% in year one, and 5% annual appreciation builds toward $124,023 over five years. Five-year ROI reaches 164.14% and total cumulative return in cash records $244,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,582/mo property income covering a $2,197/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76234, Decatur, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,060 (100%) |
| Owner Occupied HU | 5,721 (71.0%) |
| Renter Occupied HU | 1,737 (21.6%) |
| Vacant Housing Units | 602 ( 7.5%) |
| Median Home Value | $402,786 |
| Average Home Value | $464,320 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,756
Multi-Family
318
Businesses
1,018
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