23231 Fm 831OakwoodTX75855
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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 Oakwood at 23231 Fm 831, Oakwood, TX, 75855 generates $1,580/mo in rent and, after a $670/mo payment, leaves $606/mo in cash flow. Total monthly income is $1,580/mo, and annual cash flow is $7,277/yr on $45,406 invested. Return on cash invested sits at 35.93% in year one, and rental yield is 13.84% on a $136,970 entry. Equity gained on principal adds $884/yr, while 5% annual appreciation builds toward $37,842 over five years. Five-year ROI reaches 190.06% and total cumulative return in cash sums $86,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,580/mo property income rather than buyer’s personal income.
Manufactured
Built in 1983
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75855, Oakwood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,455 (100%) |
| Owner Occupied HU | 927 (63.7%) |
| Renter Occupied HU | 141 ( 9.7%) |
| Vacant Housing Units | 387 (26.6%) |
| Median Home Value | $182,589 |
| Average Home Value | $381,713 |
Housing Distribution
Address Breakdown
Residential
1,135
Single Family
1,135
Multi-Family
0
Businesses
56
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