2814 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 2814 Oaklawn Dr, Vernon, TX, 76384 offers a 10.69% rental yield on a $269,500 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,319/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,803/yr on $89,339 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $1,739/yr while 5% annual appreciation supports $74,458 over five years. Portfolio math shows five-year ROI at 138.9% and total cumulative return in cash at $124,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,319/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
1.22 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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