2967 Journey LnAbileneTX79606
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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 Abilene at 2967 Journey Ln, Abilene, TX, 79606 uses $86,157 cash to close to unlock $5,831/yr annual cash flow and $486/mo monthly cash flow. Total monthly income runs $2,334/mo, and a $1,272/mo payment keeps the spread at $486/mo. Purchase price stands at $259,900, and rental yield measures 10.78% with $2,334/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 140.34% and total cumulative return in cash records $120,910. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,334/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,229 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79606, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,876 (100%) |
| Owner Occupied HU | 7,264 (52.3%) |
| Renter Occupied HU | 5,508 (39.7%) |
| Vacant Housing Units | 1,104 ( 8.0%) |
| Median Home Value | $276,245 |
| Average Home Value | $311,864 |
Housing Distribution
Address Breakdown
Residential
13,702
Single Family
10,096
Multi-Family
3,606
Businesses
709
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Listed by: Remy Locascio • KW SYNERGY*
Mls Name: NTREIS
Mls ID: #20818713
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.