802 S Central AveKnox 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
Investment property for sale in Knox City at 802 S Central Ave, Knox City, TX, 79529 offers a 9.13% rental yield on a $118,000 purchase with $898/mo rent. Total monthly income registers $898/mo, and a $578/mo payment leaves $58/mo available for distribution. Annual cash flow reaches $701/yr on $39,117 to close, and return on cash invested stands at 21.7% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,601 over five years. Portfolio math shows five-year ROI at 113.73% and total cumulative return in cash at $44,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $898/mo property income against a $578/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
5,000 sqft 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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Listed by: Marla Hawkins • KW SYNERGY*
Mls Name: NTREIS
Mls ID: #20781818
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.