191 Palmetto DrOakhurstTX77359
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 Oakhurst at 191 Palmetto Dr, Oakhurst, TX, 77359 offers a 9.56% rental yield on a $299,900 purchase with $2,388/mo rent. Total monthly income registers $2,388/mo, and a $1,468/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,063/yr on $99,417 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 120.61% and total cumulative return in cash at $119,908. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,388/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
4.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77359, Oakhurst, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 291 (100%) |
| Owner Occupied HU | 161 (55.3%) |
| Renter Occupied HU | 46 (15.8%) |
| Vacant Housing Units | 84 (28.9%) |
| Median Home Value | $172,794 |
| Average Home Value | $253,261 |
Housing Distribution
Address Breakdown
Residential
234
Single Family
234
Multi-Family
0
Businesses
23
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Listed by: Dorothy Roberts • Creekwood Realty
Mls Name: HAR
Mls Provider:
Mls ID: #89425203
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