1305 S 9th St #1315SlatonTX79364
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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 Slaton at 1305 S 9th St #1315, Slaton, TX, 79364 uses $119,009 cash to close to unlock $1,539/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $2,681/mo, and a $1,757/mo payment keeps the spread at $128/mo. Purchase price stands at $359,000, and rental yield measures 8.96% with $2,681/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 111.01% and total cumulative return in cash records $132,115. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,681/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Multi Family
Built in 1945
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79364, Slaton, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,640 (100%) |
| Owner Occupied HU | 2,230 (61.3%) |
| Renter Occupied HU | 900 (24.7%) |
| Vacant Housing Units | 510 (14.0%) |
| Median Home Value | $135,673 |
| Average Home Value | $193,703 |
Housing Distribution
Address Breakdown
Residential
3,164
Single Family
2,981
Multi-Family
183
Businesses
237
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Listed by: Casey Klingensmith • Reside Real Estate Co.
Mls Name: LBMLS
Mls Provider:
Mls ID: #202401686
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.