408 E Jefferson AveIowa ParkTX76367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Iowa Park at 408 E Jefferson Ave, Iowa Park, TX, 76367 offers $805/mo rent that, after a $511/mo payment, leaves $62/mo cash flow. Total monthly income is $805/mo, and annual cash flow is $748/yr on $34,642 cash. Return on cash invested measures 22.07% in year one, and rental yield stands at 9.24% at a $104,500 entry. Equity gained on principal adds $674/yr while 5% annual appreciation compounds into $28,871 by year five. Five-year ROI records 115.74% and total cumulative return in cash reaches $40,093. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $805/mo property income versus a $511/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76367, Iowa Park, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 3,191 (75.5%) |
| Renter Occupied HU | 771 (18.2%) |
| Vacant Housing Units | 264 ( 6.2%) |
| Median Home Value | $192,809 |
| Average Home Value | $217,260 |
Housing Distribution
Address Breakdown
Residential
4,072
Single Family
4,054
Multi-Family
18
Businesses
253
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Listed by: CYNTHIA WITHERSPOON • Your Town Realty
Mls Name: WFAR
Mls Provider:
Mls ID: #179966
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