1117 15th StShallowaterTX79363
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Shallowater at 1117 15th St, Shallowater, TX, 79363 generates $1,793/mo in rent and, after a $1,145/mo payment, leaves $129/mo in cash flow. Total monthly income is $1,793/mo, and annual cash flow is $1,552/yr on $77,571 invested. Return on cash invested sits at 21.91% in year one, and rental yield is 9.19% on a $234,000 entry. Equity gained on principal adds $1,510/yr, while 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 114.83% and total cumulative return in cash sums $89,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,793/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Rogers • Realty Refined
Mls Name: LBMLS
Mls ID: #202600386