1626 Covey LnAbileneTX79605
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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 Abilene at 1626 Covey Ln, Abilene, TX, 79605 uses $69,284 cash to close to unlock $5,472/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $1,023/mo payment keeps the spread at $456/mo. Purchase price stands at $209,000, and rental yield measures 11.47% with $1,997/mo rent. Return on cash invested shows 27.81% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 146.83% and total cumulative return in cash records $101,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1982
6,882 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79605, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,373 (100%) |
| Owner Occupied HU | 6,864 (51.3%) |
| Renter Occupied HU | 5,252 (39.3%) |
| Vacant Housing Units | 1,257 ( 9.4%) |
| Median Home Value | $179,474 |
| Average Home Value | $238,629 |
Housing Distribution
Address Breakdown
Residential
12,717
Single Family
11,314
Multi-Family
1,403
Businesses
1,058
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Listed by: Abby Walla • Sendero Properties, LLC
Mls Name: NTREIS
Mls ID: #20778939
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.