1017 NW 2nd StHamlinTX79520
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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 Hamlin at 1017 NW 2nd St, Hamlin, TX, 79520 uses $59,637 cash to close to unlock $1,611/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $881/mo payment keeps the spread at $134/mo. Purchase price stands at $179,900, and rental yield measures 9.43% with $1,414/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 118.61% and total cumulative return in cash records $70,737. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1958
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79520, Hamlin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,160 (100%) |
| Owner Occupied HU | 638 (55.0%) |
| Renter Occupied HU | 201 (17.3%) |
| Vacant Housing Units | 321 (27.7%) |
| Median Home Value | $62,703 |
| Average Home Value | $94,126 |
Housing Distribution
Address Breakdown
Residential
909
Single Family
909
Multi-Family
0
Businesses
133
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