608 9th StOltonTX79064
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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 Olton at 608 9th St, Olton, TX, 79064 generates $947/mo in rent and, after a $587/mo payment, leaves $94/mo in cash flow. Total monthly income is $947/mo, and annual cash flow is $1,128/yr on $39,780 invested. Return on cash invested sits at 22.74% in year one, and rental yield is 9.47% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 119.23% and total cumulative return in cash sums $47,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $947/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79064, Olton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,022 (100%) |
| Owner Occupied HU | 622 (60.9%) |
| Renter Occupied HU | 243 (23.8%) |
| Vacant Housing Units | 157 (15.4%) |
| Median Home Value | $97,576 |
| Average Home Value | $133,344 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
72
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Listed by: Tatum Hall • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202555000
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.