229 Slippery Elm DrNolanvilleTX76559
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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 Nolanville at 229 Slippery Elm Dr, Nolanville, TX, 76559 priced at $305,000 pairs $2,460/mo rent with $291/mo cash flow after a $1,493/mo payment. Total monthly income equals $2,460/mo, and annual cash flow comes to $3,491/yr on $101,108 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 9.68% on a $305,000 basis. Equity gained on principal adds $1,968/yr, and 5% annual appreciation accumulates to $84,266 by year five. Five-year ROI measures 122.55% and total cumulative return in cash reaches $123,910. For financing, Ziffy Mortgage’s DSCR program evaluates $2,460/mo property income against a $1,493/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76559, Nolanville, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 1,828 (62.7%) |
| Renter Occupied HU | 882 (30.3%) |
| Vacant Housing Units | 204 ( 7.0%) |
| Median Home Value | $297,782 |
| Average Home Value | $325,658 |
Housing Distribution
Address Breakdown
Residential
2,767
Single Family
2,719
Multi-Family
48
Businesses
85
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Listed by: Shelly Salas • Your Home SOLD Guaranteed Realty Shelly Salas
Mls Name: My State MLS
Mls ID: #11631571