1020 State Highway 207FloydadaTX79235
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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 Floydada at 1020 State Highway 207, Floydada, TX, 79235 uses $82,875 cash to close to unlock $1,438/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,898/mo, and a $1,224/mo payment keeps the spread at $120/mo. Purchase price stands at $250,000, and rental yield measures 9.11% with $1,898/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.34% and total cumulative return in cash records $93,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1956
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79235, Floydada, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,644 (100%) |
| Owner Occupied HU | 956 (58.2%) |
| Renter Occupied HU | 377 (22.9%) |
| Vacant Housing Units | 311 (18.9%) |
| Median Home Value | $102,482 |
| Average Home Value | $116,025 |
Housing Distribution
Address Breakdown
Residential
1,393
Single Family
1,393
Multi-Family
0
Businesses
188
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