1538 Fm 918 WOvertonTX75684
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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 Overton at 1538 Fm 918 W, Overton, TX, 75684 generates $1,649/mo in rent and, after a $954/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,649/mo, and annual cash flow is $3,153/yr on $64,643 invested. Return on cash invested sits at 24.79% in year one, and rental yield is 10.15% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 130.2% and total cumulative return in cash sums $84,166. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,649/mo property income rather than buyer’s personal income.
Manufactured
Built in 1986
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75684, Overton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,951 (100%) |
| Owner Occupied HU | 1,982 (67.2%) |
| Renter Occupied HU | 578 (19.6%) |
| Vacant Housing Units | 391 (13.2%) |
| Median Home Value | $168,954 |
| Average Home Value | $225,202 |
Housing Distribution
Address Breakdown
Residential
2,616
Single Family
2,616
Multi-Family
0
Businesses
121
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Listed by: Mariza Najera • Ultima Real Estate - Dallas
Mls Name: GTARMLS
Mls Provider:
Mls ID: #25006932
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.