123 Banks RdBig SpringTX79720
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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
Investment property for sale in Big Spring at 123 Banks Rd, Big Spring, TX, 79720 earns $1,096/mo cash flow from $1,942/mo rent with a $582/mo payment. Total monthly income totals $1,942/mo, and annual cash flow totals $13,155/yr on $39,449 capital. ROI tracks 53.26% on current figures, and rental yield reads 19.58% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 282.94% and total cumulative return in cash sums $111,617. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,942/mo property income instead of your personal income.
Single Family
Built in 2000
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79720, Big Spring, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,228 (100%) |
| Owner Occupied HU | 7,149 (54.0%) |
| Renter Occupied HU | 3,742 (28.3%) |
| Vacant Housing Units | 2,337 (17.7%) |
| Median Home Value | $174,982 |
| Average Home Value | $206,924 |
Housing Distribution
Address Breakdown
Residential
12,084
Single Family
11,309
Multi-Family
775
Businesses
904
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Listed by: Morgan Luce • The Real Estate Ranch LLC
Mls Name: PBBR
Mls Provider:
Mls ID: #50071340
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.