24 Cherry Hls EAbileneTX79606
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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 24 Cherry Hls E, Abilene, TX, 79606 offers $3,709/mo rent that, after a $3,125/mo payment. Total monthly income is $3,709/mo. Return on cash invested measures 15.31% in year one, and rental yield stands at 6.97% at a $638,500 entry. Equity gained on principal adds $4,120/yr while 5% annual appreciation compounds into $176,406 by year five. Five-year ROI records 79.37% and total cumulative return in cash reaches $166,731. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,709/mo property income versus a $3,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79606, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,876 (100%) |
| Owner Occupied HU | 7,264 (52.3%) |
| Renter Occupied HU | 5,508 (39.7%) |
| Vacant Housing Units | 1,104 ( 8.0%) |
| Median Home Value | $276,245 |
| Average Home Value | $311,864 |
Housing Distribution
Address Breakdown
Residential
13,702
Single Family
10,096
Multi-Family
3,606
Businesses
709
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