1606 Johnson RdIowa ParkTX76367
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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
Investment property for sale in Iowa Park at 1606 Johnson Rd, Iowa Park, TX, 76367 uses $79,527 cash to close to unlock $26,307/yr annual cash flow and $2,192/mo monthly cash flow. Total monthly income runs $3,898/mo, and a $1,174/mo payment keeps the spread at $2,192/mo. Purchase price stands at $239,900, and rental yield measures 19.5% with $3,898/mo rent. Return on cash invested shows 52.99% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 281.48% and total cumulative return in cash records $223,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,898/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76367, Iowa Park, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 3,191 (75.5%) |
| Renter Occupied HU | 771 (18.2%) |
| Vacant Housing Units | 264 ( 6.2%) |
| Median Home Value | $192,809 |
| Average Home Value | $217,260 |
Housing Distribution
Address Breakdown
Residential
4,072
Single Family
4,054
Multi-Family
18
Businesses
253
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Listed by: Melissa Mccray • Paramount Real Estate Services
Mls Name: WFAR
Mls Provider:
Mls ID: #174853
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