1631 S 3rd StAbileneTX79602
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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
Total monthly income runs $1,004/mo, and a $1,273/mo payment. Purchase price stands at $260,000, and rental yield measures 4.63% with $1,004/mo rent. Return on cash invested shows 8.14% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 40.95% and total cumulative return in cash records $35,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,004/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Multi Family
Built in 1931
5,009 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79602, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,088 (100%) |
| Owner Occupied HU | 7,418 (66.9%) |
| Renter Occupied HU | 2,672 (24.1%) |
| Vacant Housing Units | 998 ( 9.0%) |
| Median Home Value | $242,095 |
| Average Home Value | $274,020 |
Housing Distribution
Address Breakdown
Residential
10,756
Single Family
10,207
Multi-Family
549
Businesses
1,078
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Listed by: Tammy Kister • Absolute Real Estate Mgt.
Mls Name: NTREIS
Mls ID: #20831230
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.