9872 County Road 623SkidmoreTX78389
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Nearby investment properties with comparable prices
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 Skidmore at 9872 County Road 623, Skidmore, TX, 78389 offers a 19.62% rental yield on a $129,900 purchase with $2,124/mo rent. Total monthly income registers $2,124/mo, and a $636/mo payment leaves $1,200/mo available for distribution. Annual cash flow reaches $14,401/yr on $43,062 to close, and return on cash invested stands at 53.35% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 283.48% and total cumulative return in cash at $122,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,124/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78389, Skidmore, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 723 (100%) |
| Owner Occupied HU | 484 (66.9%) |
| Renter Occupied HU | 88 (12.2%) |
| Vacant Housing Units | 151 (20.9%) |
| Median Home Value | $74,324 |
| Average Home Value | $146,049 |
Housing Distribution
Address Breakdown
Residential
445
Single Family
445
Multi-Family
0
Businesses
27
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Listed by: Amanda Colmenero • Coastal Country Real Estate
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #435270
Disclaimer: Based on information from South Texas MLS, LLC as of 2024-02-06 10:12:13 PST. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein AS IS and without any warranty, express or implied. MLS aggregate data is a copyright of Texas Association of REALTORS (TAR) and that the reader may not reproduce or distribute the MLS aggregate data.