106 Vela WayLittle River AcademyTX76554
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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 Little River Academy at 106 Vela Way, Little River Academy, TX, 76554 listed at $279,000 pairs $2,903/mo rent with a $1,366/mo payment to leave $910/mo cash flow. Total monthly income runs $2,903/mo, and annual cash flow reaches $10,923/yr on $92,489 cash to close. Return on cash invested measures 31.72% in year one, and rental yield registers 12.49% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 167.47% and total cumulative return in cash totals $154,891. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,903/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
10,768 sqft lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76554, Little River, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 870 (100%) |
| Owner Occupied HU | 625 (71.8%) |
| Renter Occupied HU | 186 (21.4%) |
| Vacant Housing Units | 59 ( 6.8%) |
| Median Home Value | $280,934 |
| Average Home Value | $327,520 |
Housing Distribution
Address Breakdown
Residential
786
Single Family
786
Multi-Family
0
Businesses
75
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Listed by: Jimmy Ashby • Ashby Real Estate Group
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #553755
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 Central Texas MLS, All Rights Reserved.