2612 Oaklawn DrVernonTX76384
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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 Vernon at 2612 Oaklawn Dr, Vernon, TX, 76384 listed at $284,000 pairs $2,021/mo rent with a $1,390/mo payment to leave $1/mo cash flow. Total monthly income runs $2,021/mo, and annual cash flow reaches $18/yr on $94,146 cash to close. Return on cash invested measures 19.93% in year one, and rental yield registers 8.54% at a $284,000 basis. Equity gained on principal adds $1,833/yr, and annual property appreciation at 5% supports $78,464 by year five. Five-year ROI tracks 104.18% and total cumulative return in cash totals $98,081. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,021/mo property income relative to a $1,390/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1986
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76384, Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,583 (100%) |
| Owner Occupied HU | 3,069 (55.0%) |
| Renter Occupied HU | 1,748 (31.3%) |
| Vacant Housing Units | 766 (13.7%) |
| Median Home Value | $96,250 |
| Average Home Value | $135,496 |
Housing Distribution
Address Breakdown
Residential
5,329
Single Family
5,009
Multi-Family
320
Businesses
440
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