309 Avenue EOltonTX79064
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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 Olton at 309 Avenue E, Olton, TX, 79064 earns $2,708/mo cash flow from $4,116/mo rent with a $969/mo payment. Total monthly income totals $4,116/mo, and annual cash flow totals $32,500/yr on $65,604 capital. ROI tracks 69.45% on current figures, and rental yield reads 24.96% at a $197,900 purchase. Equity gained on principal adds $1,277/yr, and 5% annual appreciation supports $54,676 over five years. Five-year ROI reaches 369.74% and total cumulative return in cash sums $242,565. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,116/mo property income instead of your personal income.
Single Family
Built in 1960
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79064, Olton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 622 (60.9%) |
| Renter Occupied HU | 243 (23.8%) |
| Vacant Housing Units | 157 (15.4%) |
| Median Home Value | $97,576 |
| Average Home Value | $133,344 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
72
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Listed by: Sherry LaNell Whitaker • Street Real Estate
Mls Name: Plainview AOR
Mls Provider:
Mls ID: #23-254
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.