405 S Central AveKnox CityTX79529
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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 Knox City at 405 S Central Ave, Knox City, TX, 79529 uses $49,725 cash to close to unlock $762/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,130/mo, and a $734/mo payment keeps the spread at $64/mo. Purchase price stands at $150,000, and rental yield measures 9.04% with $1,130/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash records $55,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,130/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1949
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79529, Knox City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 382 (60.6%) |
| Renter Occupied HU | 92 (14.6%) |
| Vacant Housing Units | 156 (24.8%) |
| Median Home Value | $63,824 |
| Average Home Value | $79,581 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
77
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