1509 Park AveAbileneTX79603
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 1509 Park Ave, Abilene, TX, 79603 offers a 10.52% rental yield on a $159,000 purchase with $1,394/mo rent. Total monthly income registers $1,394/mo, and a $778/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,854/yr on $52,709 to close, and return on cash invested stands at 25.32% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 133.32% and total cumulative return in cash at $70,272. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,394/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
7,797 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cassandra Aaron • Ekdahl-Nelson Real Estate STAMFORD
Mls Name: NTREIS
Mls ID: #20770008
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.