617 Grand AveAbileneTX79605
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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 Abilene at 617 Grand Ave, Abilene, TX, 79605 at $230,000 posts ROI 27.78% with $500/mo cash flow from $2,136/mo rent. Total monthly income equals $2,136/mo, and annual cash flow records $6,002/yr on $76,245 to close. Return on cash invested measures 27.78% and rental yield reads 11.14% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 146.32% and total cumulative return in cash totals $111,559.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,136/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1941
4,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79605, Abilene, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,373 (100%) |
| Owner Occupied HU | 6,864 (51.3%) |
| Renter Occupied HU | 5,252 (39.3%) |
| Vacant Housing Units | 1,257 ( 9.4%) |
| Median Home Value | $179,474 |
| Average Home Value | $238,629 |
Housing Distribution
Address Breakdown
Residential
12,717
Single Family
11,314
Multi-Family
1,403
Businesses
1,058
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