200 Scobee RdOlneyTX76374
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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 Olney at 200 Scobee Rd, Olney, TX, 76374 uses $82,046 cash to close to unlock $4,804/yr annual cash flow and $400/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,211/mo payment keeps the spread at $400/mo. Purchase price stands at $247,500, and rental yield measures 10.47% with $2,160/mo rent. Return on cash invested shows 25.76% in year one, and 5% annual appreciation builds toward $68,380 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash records $111,173. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,211/mo payment rather than investor’s personal income.
Single Family
Built in 1958
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76374, Olney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 1,108 (55.4%) |
| Renter Occupied HU | 578 (28.9%) |
| Vacant Housing Units | 314 (15.7%) |
| Median Home Value | $134,295 |
| Average Home Value | $187,631 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,748
Multi-Family
42
Businesses
171
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