609 E Texas 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 609 E Texas Ave, Iowa Park, TX, 76367 priced at $287,925 pairs $2,082/mo rent with $35/mo cash flow after a $1,409/mo payment. Total monthly income equals $2,082/mo, and annual cash flow comes to $417/yr on $95,447 invested. Return on cash invested is 20.35% in year one, and rental yield stands at 8.68% on a $287,925 basis. Equity gained on principal adds $1,858/yr, and 5% annual appreciation accumulates to $79,548 by year five. Five-year ROI measures 106.39% and total cumulative return in cash reaches $101,545. For financing, Ziffy Mortgage’s DSCR program evaluates $2,082/mo property income against a $1,409/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
6,098 sqft 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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