2816 Wood StVernonTX76384
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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 2816 Wood St, Vernon, TX, 76384 earns $103/mo cash flow from $1,453/mo rent with a $929/mo payment. Total monthly income totals $1,453/mo, and annual cash flow totals $1,237/yr on $62,952 capital. ROI tracks 21.87% on current figures, and rental yield reads 9.18% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 114.65% and total cumulative return in cash sums $72,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,453/mo property income instead of your personal income.
Single Family
Built in 1978
10,454 sqft 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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