1407 Runnels StBig SpringTX79720
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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 Big Spring at 1407 Runnels St, Big Spring, TX, 79720 with 5% annual appreciation on a $149,999 basis while $1,204/mo rent supports operations. Total monthly income totals $1,204/mo and a $734/mo payment preserves $107/mo for cash returns. Annual cash flow comes to $1,278/yr on $49,725 deployed, and return on cash invested reaches 22.48% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.63%. Five-year ROI measures 118.17% and total cumulative return in cash totals $58,758.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,204/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1922
8,712 sqft 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: Michael Kennedy • GinGrich Group, LLC
Mls Name: PBBR
Mls Provider:
Mls ID: #50081294
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified.