816 Cornelius RoadUtopiaTX78884
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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 Utopia at 816 Cornelius Road, Utopia, TX, 78884 priced at $620,000 converts $0/mo rent into after a $3,035/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.88% in year one, and rental yield reads 0% against a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation compiles into $171,295 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $3,035/mo payment, not borrower’s personal income.
Single Family
Built in 2023
8.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78884, Utopia, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 623 (100%) |
| Owner Occupied HU | 377 (60.5%) |
| Renter Occupied HU | 62 ( 10.0%) |
| Vacant Housing Units | 184 (29.5%) |
| Median Home Value | $474,590 |
| Average Home Value | $488,183 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
67
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Morris Killough • BHHS Hill Country Properties
Mls Name: SABOR
Mls Provider:
Mls ID: #1858138
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