1024 Avenue DFarwellTX79325
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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
Rental property for sale in Farwell at 1024 Avenue D, Farwell, TX, 79325 priced at $119,000 converts $1,307/mo rent into $461/mo cash flow after a $582/mo obligation. Total monthly income equals $1,307/mo, and annual cash flow totals $5,535/yr on $39,449 invested. Return on cash invested prints 33.94% in year one, and rental yield reads 13.18% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 179.4% and total cumulative return in cash sums $70,769. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,307/mo property income covering a $582/mo payment, not borrower’s personal income.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79325, Farwell, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 946 (100%) |
| Owner Occupied HU | 588 (62.2%) |
| Renter Occupied HU | 216 (22.8%) |
| Vacant Housing Units | 142 (15.0%) |
| Median Home Value | $171,233 |
| Average Home Value | $245,523 |
Housing Distribution
Address Breakdown
Residential
214
Single Family
214
Multi-Family
0
Businesses
101
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Listed by: Natalia Molina • Moreland Real Estate Group
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-6513
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.