109 Pennington RdAbileneTX79602
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 Abilene at 109 Pennington Rd, Abilene, TX, 79602 uses $45,913 cash to close to unlock $1,944/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $1,147/mo, and a $678/mo payment keeps the spread at $162/mo. Purchase price stands at $138,500, and rental yield measures 9.94% with $1,147/mo rent. Return on cash invested shows 24.14% in year one, and 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 126.75% and total cumulative return in cash records $58,195. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,147/mo property income covering a $678/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79602, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,088 (100%) |
| Owner Occupied HU | 7,418 (66.9%) |
| Renter Occupied HU | 2,672 (24.1%) |
| Vacant Housing Units | 998 ( 9.0%) |
| Median Home Value | $242,095 |
| Average Home Value | $274,020 |
Housing Distribution
Address Breakdown
Residential
10,756
Single Family
10,207
Multi-Family
549
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimm Ferrell • RE/MAX Big Country
Mls Name: NTREIS
Mls ID: #20960007
Disclaimer: 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.