1406 E Tate StBrownfieldTX79316
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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 Brownfield at 1406 E Tate St, Brownfield, TX, 79316 generates $2,974/mo in rent and, after a $925/mo payment, leaves $1,603/mo in cash flow. Total monthly income is $2,974/mo, and annual cash flow is $19,234/yr on $62,654 invested. Return on cash invested sits at 50.61% in year one, and rental yield is 18.88% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 268.87% and total cumulative return in cash sums $168,454. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,974/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79316, Brownfield, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,297 (100%) |
| Owner Occupied HU | 2,421 (56.3%) |
| Renter Occupied HU | 1,153 (26.8%) |
| Vacant Housing Units | 723 (16.8%) |
| Median Home Value | $114,933 |
| Average Home Value | $142,074 |
Housing Distribution
Address Breakdown
Residential
3,805
Single Family
3,610
Multi-Family
195
Businesses
440
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Listed by: Amy J. Howard • The Nicholson Agency Real Esta
Mls Name: LBMLS
Mls Provider:
Mls ID: #202401434
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.