1002 1st StAbernathyTX79311
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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 Abernathy at 1002 1st St, Abernathy, TX, 79311 uses $94,478 cash to close to unlock $2,223/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,212/mo, and a $1,395/mo payment keeps the spread at $185/mo. Purchase price stands at $285,000, and rental yield measures 9.31% with $2,212/mo rent. Return on cash invested shows 22.26% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 116.69% and total cumulative return in cash records $110,250. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,212/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79311, Abernathy, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,451 (100%) |
| Owner Occupied HU | 992 (68.4%) |
| Renter Occupied HU | 291 (20.1%) |
| Vacant Housing Units | 168 (11.6%) |
| Median Home Value | $184,596 |
| Average Home Value | $204,052 |
Housing Distribution
Address Breakdown
Residential
1,169
Single Family
1,121
Multi-Family
48
Businesses
108
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Listed by: Ty Horsford • Movements Real Estate
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552861
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.