233 Lexington AveAbileneTX79605
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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 Abilene at 233 Lexington Ave, Abilene, TX, 79605 priced at $254,900 converts $2,191/mo rent into $378/mo cash flow after a $1,248/mo obligation. Total monthly income equals $2,191/mo, and annual cash flow totals $4,536/yr on $84,499 invested. Return on cash invested prints 25.28% in year one, and rental yield reads 10.31% against a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation compiles into $70,424 by year five. Five-year ROI reaches 132.83% and total cumulative return in cash sums $112,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,191/mo property income covering a $1,248/mo payment, not borrower’s personal income.
Single Family
Built in 1955
8,929 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79605, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,373 (100%) |
| Owner Occupied HU | 6,864 (51.3%) |
| Renter Occupied HU | 5,252 (39.3%) |
| Vacant Housing Units | 1,257 ( 9.4%) |
| Median Home Value | $179,474 |
| Average Home Value | $238,629 |
Housing Distribution
Address Breakdown
Residential
12,717
Single Family
11,314
Multi-Family
1,403
Businesses
1,058
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