608 W Payne StOlneyTX76374
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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
Investment property for sale in Olney at 608 W Payne St, Olney, TX, 76374 at $135,000 posts ROI 52.08% with $1,200/mo cash flow from $2,160/mo rent. Total monthly income equals $2,160/mo, and annual cash flow records $14,397/yr on $44,753 to close. Return on cash invested measures 52.08% and rental yield reads 19.2% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 276.62% and total cumulative return in cash totals $123,793.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,160/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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