504 W Oak StOlneyTX76374
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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 Olney at 504 W Oak St, Olney, TX, 76374 at $120,000 posts ROI 23.14% with $107/mo cash flow from $960/mo rent. Total monthly income equals $960/mo, and annual cash flow records $1,284/yr on $39,780 to close. Return on cash invested measures 23.14% and rental yield reads 9.6% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 121.35% and total cumulative return in cash totals $48,271.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $960/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76374, Olney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 1,108 (55.4%) |
| Renter Occupied HU | 578 (28.9%) |
| Vacant Housing Units | 314 (15.7%) |
| Median Home Value | $134,295 |
| Average Home Value | $187,631 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,748
Multi-Family
42
Businesses
171
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