708 Aspen StKnox CityTX79529
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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 Knox City at 708 Aspen St, Knox City, TX, 79529 generates $1,173/mo in rent and, after a $734/mo payment, leaves $107/mo in cash flow. Total monthly income is $1,173/mo, and annual cash flow is $1,278/yr on $49,725 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 9.38% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 117.9% and total cumulative return in cash sums $58,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,173/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79529, Knox City, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 630 (100%) |
| Owner Occupied HU | 382 (60.6%) |
| Renter Occupied HU | 92 (14.6%) |
| Vacant Housing Units | 156 (24.8%) |
| Median Home Value | $63,824 |
| Average Home Value | $79,581 |
Housing Distribution
Address Breakdown
Residential
356
Single Family
356
Multi-Family
0
Businesses
77
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