409 SW 23rd StSeminoleTX79360
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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 Seminole at 409 SW 23rd St, Seminole, TX, 79360 generates $4,034/mo in rent and, after a $1,417/mo payment, leaves $1,908/mo in cash flow. Total monthly income is $4,034/mo, and annual cash flow is $22,901/yr on $95,969 invested. Return on cash invested sits at 43.77% in year one, and rental yield is 16.72% on a $289,500 entry. Equity gained on principal adds $1,868/yr, while 5% annual appreciation builds toward $79,984 over five years. Five-year ROI reaches 232.34% and total cumulative return in cash sums $222,975. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,034/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79360, Seminole, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,887 (100%) |
| Owner Occupied HU | 4,825 (70.1%) |
| Renter Occupied HU | 1,352 (19.6%) |
| Vacant Housing Units | 710 (10.3%) |
| Median Home Value | $229,338 |
| Average Home Value | $272,161 |
Housing Distribution
Address Breakdown
Residential
5,687
Single Family
5,528
Multi-Family
159
Businesses
555
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Listed by: Lance Celander • Landmark Realty
Mls Name: Odessa BOR
Mls Provider:
Mls ID: #154666
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.