1087 Fm 489OakwoodTX75855
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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 Oakwood at 1087 Fm 489, Oakwood, TX, 75855 listed at $199,000 pairs $1,526/mo rent with a $974/mo payment to leave $111/mo cash flow. Total monthly income runs $1,526/mo, and annual cash flow reaches $1,331/yr on $65,969 cash to close. Return on cash invested measures 21.93% in year one, and rental yield registers 9.2% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 114.86% and total cumulative return in cash totals $75,774. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,526/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
13.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75855, Oakwood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,455 (100%) |
| Owner Occupied HU | 927 (63.7%) |
| Renter Occupied HU | 141 ( 9.7%) |
| Vacant Housing Units | 387 (26.6%) |
| Median Home Value | $182,589 |
| Average Home Value | $381,713 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
56
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Listed by: Amy Elliott • JLA Realty
Mls Name: HAR
Mls Provider:
Mls ID: #62111852
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