24901 County Road 350MathisTX78368
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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 Mathis at 24901 County Road 350, Mathis, TX, 78368 generates $1,231/mo in rent and, after a $666/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,231/mo, and annual cash flow is $3,162/yr on $45,084 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 10.86% on a $136,000 entry. Equity gained on principal adds $878/yr, while 5% annual appreciation builds toward $37,574 over five years. Five-year ROI reaches 141.74% and total cumulative return in cash sums $63,902. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,231/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78368, Mathis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,364 (100%) |
| Owner Occupied HU | 2,565 (58.8%) |
| Renter Occupied HU | 827 (19.0%) |
| Vacant Housing Units | 972 (22.3%) |
| Median Home Value | $131,852 |
| Average Home Value | $181,989 |
Housing Distribution
Address Breakdown
Residential
3,612
Single Family
3,509
Multi-Family
103
Businesses
252
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