1015 W Hamilton StOlneyTX76374
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 Olney at 1015 W Hamilton St, Olney, TX, 76374 uses $42,432 cash to close to unlock $1,359/yr annual cash flow and $113/mo monthly cash flow. Total monthly income runs $1,023/mo, and a $627/mo payment keeps the spread at $113/mo. Purchase price stands at $128,000, and rental yield measures 9.59% with $1,023/mo rent. Return on cash invested shows 23.11% in year one, and 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 121.32% and total cumulative return in cash records $51,479. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,023/mo property income covering a $627/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76374, Olney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 1,108 (55.4%) |
| Renter Occupied HU | 578 (28.9%) |
| Vacant Housing Units | 314 (15.7%) |
| Median Home Value | $134,295 |
| Average Home Value | $187,631 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,748
Multi-Family
42
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices