1917 Fm 308PenelopeTX76676
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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 Penelope at 1917 Fm 308, Penelope, TX, 76676 generates $2,048/mo in rent, after a $7,582/mo payment. Total monthly income is $2,048/mo. Return on cash invested sits at -1.07% in year one, and rental yield is 1.59% on a $1,549,000 entry. Equity gained on principal adds $9,995/yr, while 5% annual appreciation builds toward $427,960 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
174.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76676, Penelope, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 300 (100%) |
| Owner Occupied HU | 215 (71.7%) |
| Renter Occupied HU | 50 (16.7%) |
| Vacant Housing Units | 35 (11.7%) |
| Median Home Value | $208,750 |
| Average Home Value | $283,628 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
10
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Listed by: Jeramey Whitehouse • Julie Siddons REALTORS, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #220358
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-12-26 23:55:32 PST