4008 Circle DrVernonTX76384
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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
Rental property for sale in Vernon at 4008 Circle Dr, Vernon, TX, 76384 generates $1,672/mo in rent and, after a $1,023/mo payment, leaves $186/mo in cash flow. Total monthly income is $1,672/mo, and annual cash flow is $2,229/yr on $69,284 invested. Return on cash invested sits at 23.13% in year one, and rental yield is 9.6% on a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 121.33% and total cumulative return in cash sums $84,062. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,672/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
6,311 sqft 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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