2663 Lemons Gap RdOvaloTX79541
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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 Ovalo at 2663 Lemons Gap Rd, Ovalo, TX, 79541 with 5% annual appreciation on a $150,000 basis while $1,146/mo rent supports operations. Total monthly income totals $1,146/mo and a $734/mo payment preserves $80/mo for cash returns. Annual cash flow comes to $954/yr on $49,725 deployed, and return on cash invested reaches 21.83% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.17%. Five-year ROI measures 114.4% and total cumulative return in cash totals $56,886.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,146/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2016
11.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79541, Ovalo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 316 (73.8%) |
| Renter Occupied HU | 37 ( 8.6%) |
| Vacant Housing Units | 75 (17.5%) |
| Median Home Value | $270,690 |
| Average Home Value | $347,191 |
Housing Distribution
Address Breakdown
Residential
447
Single Family
447
Multi-Family
0
Businesses
7
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Listed by: Jordan Nichols • RE/MAX Big Country
Mls Name: NTREIS
Mls ID: #20827441
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.