1205 Mockingbird LnOlneyTX76374
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
Rental property for sale in Olney at 1205 Mockingbird Ln, Olney, TX, 76374 offers $1,145/mo rent that, after a $729/mo payment, leaves $86/mo cash flow. Total monthly income is $1,145/mo, and annual cash flow is $1,029/yr on $49,394 cash. Return on cash invested measures 21.99% in year one, and rental yield stands at 9.22% at a $149,000 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,166 by year five. Five-year ROI records 115.24% and total cumulative return in cash reaches $56,920. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,145/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.26 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
Listed by: Kelli Cuba • Team Legacy Realty
Mls Name: NTREIS
Mls ID: #20843408
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.