1018 N 18th StLamesaTX79331
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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 Lamesa at 1018 N 18th St, Lamesa, TX, 79331 uses $34,416 cash to close to unlock $12,190/yr annual cash flow and $1,016/mo monthly cash flow. Total monthly income runs $1,754/mo, and a $508/mo payment keeps the spread at $1,016/mo. Purchase price stands at $103,820, and rental yield measures 20.27% with $1,754/mo rent. Return on cash invested shows 55.33% in year one, and 5% annual appreciation builds toward $28,684 over five years. Five-year ROI reaches 294.01% and total cumulative return in cash records $101,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,754/mo property income covering a $508/mo payment rather than investor’s personal income.
Single Family
Built in 1958
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79331, Lamesa, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,451 (100%) |
| Owner Occupied HU | 2,678 (60.2%) |
| Renter Occupied HU | 1,024 (23.0%) |
| Vacant Housing Units | 749 (16.8%) |
| Median Home Value | $115,729 |
| Average Home Value | $216,196 |
Housing Distribution
Address Breakdown
Residential
4,305
Single Family
4,158
Multi-Family
147
Businesses
480
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