297 Kelinske RdElm MottTX76640
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 297 Kelinske Rd, Elm Mott, TX, 76640 in Elm Mott fits: $799,900, 3.52% gross yield, and a projected 5% annual appreciation rate adding $220,998 in value within five years. Rental yield 3.52%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.65) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $7,367/yr in principal paydown and $220,998 in appreciation project a total return of $91,306.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 6.2% |
| Monthly Cash Flow | $(3,345) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,344 |
| Total Monthly Debt Service | $5,370 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1994
49.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1994
49.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Fraijo • eXp Realty, LLC Waco
Mls Name: WMLS
Mls Provider:
Mls ID: #222000
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2025-02-13 04:53:25 PST