109 Olive 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
Rental property for sale in Mount Vernon at 109 Olive St, Mount Vernon, TX, 75457 priced at $213,120 converts $1,130/mo rent into after a $1,043/mo obligation. Total monthly income equals $1,130/mo. Return on cash invested prints 12.6% in year one, and rental yield reads 6.36% against a $213,120 entry. Equity gained on principal adds $1,375/yr, while 5% annual appreciation compiles into $58,881 by year five. Five-year ROI reaches 65.15% and total cumulative return in cash sums $46,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,130/mo property income covering a $1,043/mo payment, not borrower’s personal income.
Single Family
Built in 1970
8,254 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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