0 Fm 888, Mathis, TX, 78368 | $463/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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0 Fm 888, Mathis, TX, 78368 | $463/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mathis at 0 Fm 888, Mathis, TX, 78368 offers $2,419/mo rent that, after a $1,346/mo payment, leaves $463/mo cash flow. Total monthly income is $2,419/mo, and annual cash flow is $5,561/yr on $91,163 cash. Return on cash invested measures 26.01% in year one, and rental yield stands at 10.56% at a $275,000 entry. Equity gained on principal adds $1,775/yr while 5% annual appreciation compounds into $75,977 by year five. Five-year ROI records 136.79% and total cumulative return in cash reaches $124,703. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,419/mo property income versus a $1,346/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

50 Acres lot

$N/A/sqft

No HOA

More details about the property

Wright Farm is a 50 acres +/- income producing farm just north of Mathis, Texas in Live Oak County. Location: The farm is in the southeast portion of Live Oak County, it fronts Farm-to-Market Road 888, approximately 1.5 miles to Interstate Highway 37. Also, 5.5 miles north of Mathis, Texas and 25 miles northwest of Calallen, Texas. Rangeland, & Habitat: The topography of the farm has a gentle slope. In elevation of 5 feet from the northern boundary line to the south. The property sits at approximately 215 feet above sea level with no flood plain. The soil for this property is identified as Lattas Clay and may be used for cultivated crops, pasture, range, woodland, and wildlife. Wildlife: In this area, you generally see whitetail deer, turkey, hogs, & dove. Agriculture: This ranch has historically been used as farming operation and is under agricultural valuation for tax purposes. Improvements: There are no improvements. Water: There are no wells on this property. Electricity: There is electricity along FM 888. Minerals: This is a surface only sale as to minerals

Neighborhood Data

Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,364 (100%)
Owner Occupied HU	2,565 (58.8%)
Renter Occupied HU	827 (19.0%)
Vacant Housing Units	972 (22.3%)
Median Home Value	$131,852
Average Home Value	$181,989