505 E Olive StHollidayTX76366
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 Holliday at 505 E Olive St, Holliday, TX, 76366 generates $2,362/mo in rent and, after a $734/mo payment, leaves $1,296/mo in cash flow. Total monthly income is $2,362/mo, and annual cash flow is $15,546/yr on $49,725 invested. Return on cash invested sits at 51.17% in year one, and rental yield is 18.9% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 271.75% and total cumulative return in cash sums $135,126. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,362/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76366, Holliday, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,214 (100%) |
| Owner Occupied HU | 855 (70.4%) |
| Renter Occupied HU | 185 (15.2%) |
| Vacant Housing Units | 174 (14.3%) |
| Median Home Value | $163,269 |
| Average Home Value | $195,444 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Lareau • Assent Real Estate Inc
Mls Name: WFAR
Mls Provider:
Mls ID: #173386
Disclaimer: The data relating to real estate for sale on this website comes in part from the Wichita Falls Association of REALTORS Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo and detailed information about them includes the name of the listing Participant and listing agent(s). All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), Zillow, Inc nor Wichita Falls Association of REALTORS Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Copyright 2024, the Wichita Falls Association of REALTORS Multiple Listing Service, all rights reserved.