Durham RdIolaTX77861
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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 Iola at Durham Rd, Iola, TX, 77861 offers $3,437/mo rent that, after a $881/mo payment, leaves $2,080/mo cash flow. Total monthly income is $3,437/mo, and annual cash flow is $24,959/yr on $59,670 cash. Return on cash invested measures 61.74% in year one, and rental yield stands at 22.91% at a $180,000 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,731 by year five. Five-year ROI records 328.92% and total cumulative return in cash reaches $196,265. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,437/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.60 Acres lot
$N/A/sqft
$925 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77861, Iola, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,489 (100%) |
| Owner Occupied HU | 1,116 (74.9%) |
| Renter Occupied HU | 157 (10.5%) |
| Vacant Housing Units | 216 (14.5%) |
| Median Home Value | $391,304 |
| Average Home Value | $430,889 |
Housing Distribution
Address Breakdown
Residential
1,363
Single Family
1,363
Multi-Family
0
Businesses
59
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Listed by: Daniel Virgl • Moxie Texas Real Estate
Mls Name: BCSMLS
Mls Provider:
Mls ID: #23010470
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.