Fm 1349SkidmoreTX78389
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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 Skidmore at Fm 1349, Skidmore, TX, 78389 listed at $543,900 pairs $1,421/mo rent with a $2,662/mo payment. Total monthly income runs $1,421/mo. Return on cash invested measures 3.65% in year one, and rental yield registers 3.14% at a $543,900 basis. Equity gained on principal adds $3,510/yr, and annual property appreciation at 5% supports $150,270 by year five. Five-year ROI tracks 16.87% and total cumulative return in cash totals $30,183. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,421/mo property income relative to a $2,662/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1900
98 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: Beverly Landrum • South Texas Land and Home, LLC
Mls Name: South Texas MLS
Mls Provider:
Mls ID: #431608
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.