508 W Clara AveIowa ParkTX76367
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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 Iowa Park at 508 W Clara Ave, Iowa Park, TX, 76367 generates $3,134/mo in rent and, after a $1,197/mo payment, leaves $1,395/mo in cash flow. Total monthly income is $3,134/mo, and annual cash flow is $16,740/yr on $81,052 invested. Return on cash invested sits at 40.56% in year one, and rental yield is 15.38% on a $244,500 entry. Equity gained on principal adds $1,578/yr, while 5% annual appreciation builds toward $67,551 over five years. Five-year ROI reaches 214.87% and total cumulative return in cash sums $174,155. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,134/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76367, Iowa Park, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,226 (100%) |
| Owner Occupied HU | 3,191 (75.5%) |
| Renter Occupied HU | 771 (18.2%) |
| Vacant Housing Units | 264 ( 6.2%) |
| Median Home Value | $192,809 |
| Average Home Value | $217,260 |
Housing Distribution
Address Breakdown
Residential
4,072
Single Family
4,054
Multi-Family
18
Businesses
253
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Listed by: Dana Ross Gentry • Re/Max Elite Group
Mls Name: WFAR
Mls Provider:
Mls ID: #175096
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