308 E Morris St #308YoakumTX77995
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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 Yoakum at 308 E Morris St #308, Yoakum, TX, 77995 offers a 9.83% rental yield on a $162,070 purchase with $1,328/mo rent. Total monthly income registers $1,328/mo, and a $793/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,109/yr on $53,726 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $1,046/yr while 5% annual appreciation supports $44,777 over five years. Portfolio math shows five-year ROI at 125.11% and total cumulative return in cash at $67,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,328/mo property income against a $793/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77995, Yoakum, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,629 (100%) |
| Owner Occupied HU | 2,768 (59.8%) |
| Renter Occupied HU | 1,042 (22.5%) |
| Vacant Housing Units | 819 (17.7%) |
| Median Home Value | $208,268 |
| Average Home Value | $288,307 |
Housing Distribution
Address Breakdown
Residential
3,945
Single Family
3,816
Multi-Family
129
Businesses
299
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