289 Overland TrlFritchTX79036
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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 Fritch at 289 Overland Trl, Fritch, TX, 79036 offers a 16.38% rental yield on a $115,000 purchase with $1,570/mo rent. Total monthly income registers $1,570/mo, and a $563/mo payment leaves $752/mo available for distribution. Annual cash flow reaches $9,025/yr on $38,123 to close, and return on cash invested stands at 43.58% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 231.16% and total cumulative return in cash at $88,125. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79036, Fritch, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,403 (100%) |
| Owner Occupied HU | 1,723 (71.7%) |
| Renter Occupied HU | 267 (11.1%) |
| Vacant Housing Units | 413 (17.2%) |
| Median Home Value | $154,087 |
| Average Home Value | $164,285 |
Housing Distribution
Address Breakdown
Residential
2,022
Single Family
2,022
Multi-Family
0
Businesses
62
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Listed by: Jeanette Douglass • Keller Williams Realty Amarillo
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6681
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.