608 W Payne StOlneyTX76374
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 608 W Payne St, Olney, TX, 76374 in Olney hard to pass up. The 19.2% gross yield on a $135,000 purchase results in $2,160/mo in rent and $1,200/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.56). Annual cash flow of $14,400, five-year appreciation of $37,298, and $1,243/yr in equity build-up combine for a projected total cumulative return of $128,978.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 19.2% | 6.2% |
| Monthly Cash Flow | $1,200 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $906 |
| DSCR Ratio | 2.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
0.26 Acres 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
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
Single Family
Built in 1955
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices