23324 Fm 39IolaTX77861
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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
Investment property for sale in Iola at 23324 Fm 39, Iola, TX, 77861 uses $33,150 cash to close to unlock $7,912/yr annual cash flow and $659/mo monthly cash flow. Total monthly income runs $1,370/mo, and a $489/mo payment keeps the spread at $659/mo. Purchase price stands at $100,000, and rental yield measures 16.44% with $1,370/mo rent. Return on cash invested shows 43.78% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 232.16% and total cumulative return in cash records $76,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,370/mo property income covering a $489/mo payment rather than investor’s personal income.
Lot
Built in N/A
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77861, Iola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 1,116 (74.9%) |
| Renter Occupied HU | 157 (10.5%) |
| Vacant Housing Units | 216 (14.5%) |
| Median Home Value | $391,304 |
| Average Home Value | $430,889 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
59
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Listed by: Donna Pinon • Keller Williams Advantage Realty
Mls Name: HAR
Mls Provider:
Mls ID: #64148176
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