137 Spring Park WayAbileneTX79602
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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 Abilene at 137 Spring Park Way, Abilene, TX, 79602 priced at $298,000 converts $2,552/mo rent into $222/mo cash flow after a $1,459/mo obligation. Total monthly income equals $2,552/mo, and annual cash flow totals $2,669/yr on $98,787 invested. Return on cash invested prints 22.61% in year one, and rental yield reads 10.28% against a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation compiles into $82,332 by year five. Five-year ROI reaches 119.48% and total cumulative return in cash sums $118,028. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,552/mo property income covering a $1,459/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
$250 annually 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
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Listed by: Suzanne Fulkerson • Real Broker, LLC.
Mls Name: NTREIS
Mls ID: #20786135
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.