3608 State StAbileneTX79603
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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 Abilene at 3608 State St, Abilene, TX, 79603 uses $69,615 cash to close to unlock $4,710/yr annual cash flow and $393/mo monthly cash flow. Total monthly income runs $1,886/mo, and a $1,028/mo payment keeps the spread at $393/mo. Purchase price stands at $210,000, and rental yield measures 10.78% with $1,886/mo rent. Return on cash invested shows 26.67% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 140.35% and total cumulative return in cash records $97,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,886/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,626 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79603, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,937 (100%) |
| Owner Occupied HU | 5,408 (54.4%) |
| Renter Occupied HU | 3,482 (35.0%) |
| Vacant Housing Units | 1,047 (10.5%) |
| Median Home Value | $137,272 |
| Average Home Value | $205,671 |
Housing Distribution
Address Breakdown
Residential
8,987
Single Family
8,346
Multi-Family
641
Businesses
626
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Listed by: Kelli Kish • Coldwell Banker Apex, REALTORS
Mls Name: NTREIS
Mls ID: #20983793
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.