116 W 15th StMuleshoeTX79347
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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 Muleshoe at 116 W 15th St, Muleshoe, TX, 79347 uses $35,769 cash to close to unlock $710/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $863/mo, and a $528/mo payment keeps the spread at $59/mo. Purchase price stands at $107,900, and rental yield measures 9.6% with $863/mo rent. Return on cash invested shows 21.89% in year one, and 5% annual appreciation builds toward $29,811 over five years. Five-year ROI reaches 115.24% and total cumulative return in cash records $41,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $863/mo property income covering a $528/mo payment rather than investor’s personal income.
Single Family
Built in 1960
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79347, Muleshoe, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,915 (100%) |
| Owner Occupied HU | 1,647 (56.5%) |
| Renter Occupied HU | 860 (29.5%) |
| Vacant Housing Units | 408 (14.0%) |
| Median Home Value | $117,323 |
| Average Home Value | $192,347 |
Housing Distribution
Address Breakdown
Residential
2,569
Single Family
2,519
Multi-Family
50
Businesses
339
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Listed by: Patty Hartline • Prime Home Real Estate LLC
Mls Name: LBMLS
Mls Provider:
Mls ID: #202552517
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.