304 W Hamilton StOlneyTX76374
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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
Investment Highlights
Rental property for sale in Olney at 304 W Hamilton St, Olney, TX, 76374 priced at $119,900 pairs $1,195/mo rent with $342/mo cash flow after a $587/mo payment. Total monthly income equals $1,195/mo, and annual cash flow comes to $4,107/yr on $39,747 invested. Return on cash invested is 30.24% in year one, and rental yield stands at 11.96% on a $119,900 basis. Equity gained on principal adds $774/yr, and 5% annual appreciation accumulates to $33,126 by year five. Five-year ROI measures 159.56% and total cumulative return in cash reaches $63,420. For financing, Ziffy Mortgage’s DSCR program evaluates $1,195/mo property income against a $587/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
8,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76374, Olney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 1,108 (55.4%) |
| Renter Occupied HU | 578 (28.9%) |
| Vacant Housing Units | 314 (15.7%) |
| Median Home Value | $134,295 |
| Average Home Value | $187,631 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,748
Multi-Family
42
Businesses
171
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Listed by: Kathy Cribbs • Susprod, LLC
Mls Name: NTREIS
Mls ID: #20911085
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.