100 Elberta StMount VernonTX75457
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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 Mount Vernon at 100 Elberta St, Mount Vernon, TX, 75457 offers a 10.66% rental yield on a $184,900 purchase with $1,642/mo rent. Total monthly income registers $1,642/mo, and a $905/mo payment leaves $327/mo available for distribution. Annual cash flow reaches $3,926/yr on $61,294 to close, and return on cash invested stands at 26.31% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 138.46% and total cumulative return in cash at $84,871. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,642/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75457, Mount Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,078 (100%) |
| Owner Occupied HU | 1,841 (59.8%) |
| Renter Occupied HU | 667 (21.7%) |
| Vacant Housing Units | 570 (18.5%) |
| Median Home Value | $287,695 |
| Average Home Value | $355,964 |
Housing Distribution
Address Breakdown
Residential
2,695
Single Family
2,695
Multi-Family
0
Businesses
292
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Listed by: Steve Asay • Century 21 Butler Real Estate
Mls Name: GTARMLS
Mls ID: #25011426