1502 Richland DrAbileneTX79603
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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 1502 Richland Dr, Abilene, TX, 79603 generates $3,080/mo in rent, after a $2,374/mo payment. Total monthly income is $3,080/mo. Return on cash invested sits at 17.15% in year one, and rental yield is 7.62% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 89.27% and total cumulative return in cash sums $143,522. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79603, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 5,408 (54.4%) |
| Renter Occupied HU | 3,482 (35.0%) |
| Vacant Housing Units | 1,047 (10.5%) |
| Median Home Value | $137,272 |
| Average Home Value | $205,671 |
Housing Distribution
Address Breakdown
Residential
8,987
Single Family
8,346
Multi-Family
641
Businesses
626
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