1118 Elmore StBorgerTX79007
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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 Borger at 1118 Elmore St, Borger, TX, 79007 priced at $155,000 converts $1,217/mo rent into $20/mo cash flow after a $759/mo obligation. Total monthly income equals $1,217/mo, and annual cash flow totals $243/yr on $51,383 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 9.42% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 107.48% and total cumulative return in cash sums $55,228. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,217/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79007, Borger, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,757 (100%) |
| Owner Occupied HU | 3,885 (57.5%) |
| Renter Occupied HU | 1,391 (20.6%) |
| Vacant Housing Units | 1,481 (21.9%) |
| Median Home Value | $121,658 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
5,790
Single Family
5,729
Multi-Family
61
Businesses
495
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Listed by: Chaylee Shelton • EXP Realty, LLC
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-5335
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.