1111 16th StShallowaterTX79363
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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 Shallowater at 1111 16th St, Shallowater, TX, 79363 uses $117,683 cash to close to unlock $685/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $2,582/mo, and a $1,738/mo payment keeps the spread at $57/mo. Purchase price stands at $355,000, and rental yield measures 8.73% with $2,582/mo rent. Return on cash invested shows 20.49% in year one, and 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 107.21% and total cumulative return in cash records $126,168. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $1,738/mo payment rather than investor’s personal income.
Single Family
Built in 2019
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Zeta Ray • Aycock Realty Group, LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556395
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.