1104 Walter Wilmeth DrSpearmanTX79081
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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 Spearman at 1104 Walter Wilmeth Dr, Spearman, TX, 79081 earns $313/mo cash flow from $2,041/mo rent with a $1,189/mo payment. Total monthly income totals $2,041/mo, and annual cash flow totals $3,760/yr on $80,555 capital. ROI tracks 24.58% on current figures, and rental yield reads 10.08% at a $243,000 purchase. Equity gained on principal adds $1,568/yr, and 5% annual appreciation supports $67,136 over five years. Five-year ROI reaches 129.11% and total cumulative return in cash sums $104,000. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,041/mo property income instead of your personal income.
Single Family
Built in 1960
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79081, Spearman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,546 (100%) |
| Owner Occupied HU | 979 (63.3%) |
| Renter Occupied HU | 302 (19.5%) |
| Vacant Housing Units | 265 (17.1%) |
| Median Home Value | $122,943 |
| Average Home Value | $183,573 |
Housing Distribution
Address Breakdown
Residential
1,235
Single Family
1,235
Multi-Family
0
Businesses
201
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