501-4 Bolivar AveOlmitoTX78575
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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 Olmito at 501-4 Bolivar Ave, Olmito, TX, 78575 uses $35,471 cash to close to unlock $2,218/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $946/mo, and a $524/mo payment keeps the spread at $185/mo. Purchase price stands at $107,000, and rental yield measures 10.61% with $946/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 137.61% and total cumulative return in cash records $48,810. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $946/mo property income covering a $524/mo payment rather than investor’s personal income.
Single Family
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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Listed by: Sonia Robertson • Rancho Viejo Realty, LLC
Mls Name: RGVMLS
Mls Provider:
Mls ID: #29756259
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.