524 County Road 241OvaloTX79541
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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 Ovalo at 524 County Road 241, Ovalo, TX, 79541 offers a 6.68% rental yield on a $599,000 purchase with $3,332/mo rent. 41% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 74.56% and total cumulative return in cash at $146,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,332/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79541, Ovalo, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 316 (73.8%) |
| Renter Occupied HU | 37 ( 8.6%) |
| Vacant Housing Units | 75 (17.5%) |
| Median Home Value | $270,690 |
| Average Home Value | $347,191 |
Housing Distribution
Address Breakdown
Residential
447
Single Family
447
Multi-Family
0
Businesses
7
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