7121 Stephens LnIolaTX77861
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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 Iola at 7121 Stephens Ln, Iola, TX, 77861 priced at $675,000 converts $1,276/mo rent into after a $3,304/mo obligation. Total monthly income equals $1,276/mo. Return on cash invested prints 1.02% in year one, and rental yield reads 2.27% against a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation compiles into $186,490 by year five. Five-year ROI reaches 2.72% and total cumulative return in cash sums $6,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,276/mo property income covering a $3,304/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
1.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77861, Iola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 1,116 (74.9%) |
| Renter Occupied HU | 157 (10.5%) |
| Vacant Housing Units | 216 (14.5%) |
| Median Home Value | $391,304 |
| Average Home Value | $430,889 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
59
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Listed by: Jamie Prejean • CENTURY 21 Integra
Mls Name: BCSMLS
Mls Provider:
Mls ID: #24014345
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.