471 Oakdale DrElm MottTX76640
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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 Elm Mott at 471 Oakdale Dr, Elm Mott, TX, 76640 uses $77,903 cash to close to unlock $14,821/yr annual cash flow and $1,235/mo monthly cash flow. Total monthly income runs $2,906/mo, and a $1,150/mo payment keeps the spread at $1,235/mo. Purchase price stands at $235,000, and rental yield measures 14.84% with $2,906/mo rent. Return on cash invested shows 38.93% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 206.14% and total cumulative return in cash records $160,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,906/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Manufactured
Built in 2020
2.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76640, Elm Mott, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 984 (73.8%) |
| Renter Occupied HU | 241 (18.1%) |
| Vacant Housing Units | 108 ( 8.1%) |
| Median Home Value | $293,684 |
| Average Home Value | $314,433 |
Housing Distribution
Address Breakdown
Residential
1,091
Single Family
1,091
Multi-Family
0
Businesses
188
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Listed by: Mindy Lawson • Real Broker, LLC
Mls Name: WMLS
Mls Provider:
Mls ID: #225055
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Waco Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2024 Waco Association of Realtors. All Rights Reserved. Last Updated On: 2024-08-31 00:28:34 PDT