811 W Main StOlneyTX76374
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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 Olney at 811 W Main St, Olney, TX, 76374 earns $54/mo cash flow from $2,543/mo rent with a $1,713/mo payment. Total monthly income totals $2,543/mo, and annual cash flow totals $653/yr on $115,992 capital. ROI tracks 20.47% on current figures, and rental yield reads 8.72% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 107.08% and total cumulative return in cash sums $124,206. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,543/mo property income instead of your personal income.
Single Family
Built in 1930
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76374, Olney, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,000 (100%) |
| Owner Occupied HU | 1,108 (55.4%) |
| Renter Occupied HU | 578 (28.9%) |
| Vacant Housing Units | 314 (15.7%) |
| Median Home Value | $134,295 |
| Average Home Value | $187,631 |
Housing Distribution
Address Breakdown
Residential
1,790
Single Family
1,748
Multi-Family
42
Businesses
171
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Listed by: Mark Wakeland • Wakeland Real Estate
Mls Name: NTREIS
Mls ID: #21055398
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.