3500 Texas 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 3500 Texas St, Vernon, TX, 76384 uses $58,013 cash to close to unlock $1,441/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,365/mo, and a $857/mo payment keeps the spread at $120/mo. Purchase price stands at $175,000, and rental yield measures 9.36% with $1,365/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 117.44% and total cumulative return in cash records $68,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,365/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.46 Acres 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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