3020 Paradise StVernonTX76384
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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 Vernon at 3020 Paradise St, Vernon, TX, 76384 uses $59,504 cash to close to unlock $4,561/yr annual cash flow and $380/mo monthly cash flow. Total monthly income runs $1,657/mo, and a $879/mo payment keeps the spread at $380/mo. Purchase price stands at $179,500, and rental yield measures 11.08% with $1,657/mo rent. Return on cash invested shows 27.57% in year one, and 5% annual appreciation builds toward $49,593 over five years. Five-year ROI reaches 145.23% and total cumulative return in cash records $86,416. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,657/mo property income covering a $879/mo payment rather than investor’s personal income.
Single Family
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76384, Vernon, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,583 (100%) |
| Owner Occupied HU | 3,069 (55.0%) |
| Renter Occupied HU | 1,748 (31.3%) |
| Vacant Housing Units | 766 (13.7%) |
| Median Home Value | $96,250 |
| Average Home Value | $135,496 |
Housing Distribution
Address Breakdown
Residential
5,329
Single Family
5,009
Multi-Family
320
Businesses
440
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Listed by: Sally Curtis • Exp Realty, LLC
Mls Name: WFAR
Mls Provider:
Mls ID: #177901
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