2829 Texas 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 2829 Texas St, Vernon, TX, 76384 at $299,000 posts ROI 38.65% with $1,548/mo cash flow from $3,674/mo rent. Total monthly income equals $3,674/mo, and annual cash flow records $18,579/yr on $99,119 to close. Return on cash invested measures 38.65% and rental yield reads 14.75% at the current $299,000. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 by year five. Five-year ROI prints 204.6% and total cumulative return in cash totals $202,798.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,674/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1917
1.12 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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