294 Elm StBuffalo GapTX79508
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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
Rental property for sale in Buffalo Gap at 294 Elm St, Buffalo Gap, TX, 79508 priced at $246,000 converts $1,434/mo rent into after a $1,204/mo obligation. Total monthly income equals $1,434/mo. Return on cash invested prints 15.27% in year one, and rental yield reads 7% against a $246,000 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,965 by year five. Five-year ROI reaches 79.18% and total cumulative return in cash sums $64,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,434/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,443 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79508, Buffalo Gap, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 506 (86.3%) |
| Renter Occupied HU | 49 ( 8.4%) |
| Vacant Housing Units | 31 ( 5.3%) |
| Median Home Value | $358,407 |
| Average Home Value | $394,298 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
72
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Listed by: Amy Dugger • Abilene Group Premier Re. Adv.
Mls Name: NTREIS
Mls ID: #21019149