1319 Wayland StPlainviewTX79072
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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 Plainview at 1319 Wayland St, Plainview, TX, 79072 priced at $289,900 converts $2,700/mo rent into $501/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $6,008/yr on $96,102 invested. Return on cash invested prints 26.16% in year one, and rental yield reads 11.18% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 138.21% and total cumulative return in cash sums $132,825. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79072, Plainview, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,330 (100%) |
| Owner Occupied HU | 5,531 (53.5%) |
| Renter Occupied HU | 3,249 (31.5%) |
| Vacant Housing Units | 1,550 (15.0%) |
| Median Home Value | $127,117 |
| Average Home Value | $173,343 |
Housing Distribution
Address Breakdown
Residential
8,773
Single Family
8,193
Multi-Family
580
Businesses
777
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Listed by: Dylan Flores • Keller Williams Realty
Mls Name: LBMLS
Mls Provider:
Mls ID: #202416958
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.