229 Oakdale DrElm MottTX76640
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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 Elm Mott at 229 Oakdale Dr, Elm Mott, TX, 76640 generates $1,860/mo in rent and, after a $1,052/mo payment, leaves $332/mo in cash flow. Total monthly income is $1,860/mo, and annual cash flow is $3,980/yr on $71,239 invested. Return on cash invested sits at 25.5% in year one, and rental yield is 10.39% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 134.01% and total cumulative return in cash sums $95,466. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,860/mo property income rather than buyer’s personal income.
Manufactured
Built in 2021
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
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