2988 E Old Axtell RdAxtellTX76624
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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 Axtell at 2988 E Old Axtell Rd, Axtell, TX, 76624 priced at $845,000 converts $2,418/mo rent into after a $4,136/mo obligation. Total monthly income equals $2,418/mo. Return on cash invested prints 4.56% in year one, and rental yield reads 3.43% against a $845,000 entry. Equity gained on principal adds $5,453/yr, while 5% annual appreciation compiles into $233,458 by year five. Five-year ROI reaches 21.71% and total cumulative return in cash sums $60,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,418/mo property income covering a $4,136/mo payment, not borrower’s personal income.
Single Family
Built in 1977
56.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76624, Axtell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,098 (100%) |
| Owner Occupied HU | 881 (80.2%) |
| Renter Occupied HU | 148 (13.5%) |
| Vacant Housing Units | 69 ( 6.3%) |
| Median Home Value | $256,389 |
| Average Home Value | $266,623 |
Housing Distribution
Address Breakdown
Residential
922
Single Family
922
Multi-Family
0
Businesses
40
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Listed by: Danya Lane • Texas Luxury and Land
Mls Name: NTREIS
Mls ID: #20906425
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.