2241 Schlegel RdOlneyTX76374
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 Olney at 2241 Schlegel Rd, Olney, TX, 76374 at $599,600 posts ROI 2.85% with from $1,435/mo rent. Total monthly income equals $1,435/mo. Return on cash invested measures 2.85% and rental yield reads 2.87% at the current $599,600. Equity gained on principal adds $3,869/yr, and 5% annual appreciation supports $165,658 by year five. Five-year ROI prints 12.55% and total cumulative return in cash totals $24,750. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,435/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethann Oswald • Bishop Realtor Group
Mls Name: WFAR
Mls Provider:
Mls ID: #178140
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