2508 Garfield AveAbileneTX79601
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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 Abilene at 2508 Garfield Ave, Abilene, TX, 79601 offers a 11.01% rental yield on a $194,500 purchase with $1,784/mo rent. Total monthly income registers $1,784/mo, and a $952/mo payment leaves $352/mo available for distribution. Annual cash flow reaches $4,219/yr on $64,477 to close, and return on cash invested stands at 26.45% in year one. Equity gained on principal adds $1,255/yr while 5% annual appreciation supports $53,737 over five years. Portfolio math shows five-year ROI at 139.49% and total cumulative return in cash at $89,937. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,784/mo property income against a $952/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
9,234 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79601, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,019 (100%) |
| Owner Occupied HU | 4,022 (40.1%) |
| Renter Occupied HU | 4,473 (44.6%) |
| Vacant Housing Units | 1,524 (15.2%) |
| Median Home Value | $209,714 |
| Average Home Value | $215,167 |
Housing Distribution
Address Breakdown
Residential
8,703
Single Family
7,540
Multi-Family
1,163
Businesses
1,084
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Listed by: Rhonda Hatchett • Arnold-REALTORS
Mls Name: NTREIS
Mls ID: #20983063
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.