813 De Leon Ave #ONOlmitoTX78575
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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 Olmito at 813 De Leon Ave #ON, Olmito, TX, 78575 offers a 9.94% rental yield on a $329,000 purchase with $2,726/mo rent. Total monthly income registers $2,726/mo, and a $1,610/mo payment leaves $387/mo available for distribution. Annual cash flow reaches $4,641/yr on $109,064 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 126.86% and total cumulative return in cash at $138,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,726/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78575, Olmito, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,963 (100%) |
| Owner Occupied HU | 1,766 (59.6%) |
| Renter Occupied HU | 695 (23.5%) |
| Vacant Housing Units | 502 (16.9%) |
| Median Home Value | $265,753 |
| Average Home Value | $304,388 |
Housing Distribution
Address Breakdown
Residential
2,621
Single Family
2,256
Multi-Family
365
Businesses
208
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