10008 Rodemel Ranch RdIolaTX77861
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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
Rental property for sale in Iola at 10008 Rodemel Ranch Rd, Iola, TX, 77861 offers $1,219/mo rent that, after a $1,468/mo payment. Total monthly income is $1,219/mo. Return on cash invested measures 8.88% in year one, and rental yield stands at 4.88% at a $299,900 entry. Equity gained on principal adds $1,935/yr while 5% annual appreciation compounds into $82,857 by year five. Five-year ROI records 44.95% and total cumulative return in cash reaches $44,692. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,219/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2020
9.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77861, Iola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 1,116 (74.9%) |
| Renter Occupied HU | 157 (10.5%) |
| Vacant Housing Units | 216 (14.5%) |
| Median Home Value | $391,304 |
| Average Home Value | $430,889 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
59
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Listed by: Abbie Walsh • Walsh & Mangan Premier RE Group
Mls Name: HAR
Mls Provider:
Mls ID: #18705289
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