1415 7th StShallowaterTX79363
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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 Shallowater at 1415 7th St, Shallowater, TX, 79363 generates $2,528/mo in rent, after a $1,955/mo payment. Total monthly income is $2,528/mo. Return on cash invested sits at 17.08% in year one, and rental yield is 7.59% on a $399,500 entry. Equity gained on principal adds $2,578/yr, while 5% annual appreciation builds toward $110,374 over five years. Five-year ROI reaches 88.87% and total cumulative return in cash sums $117,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,528/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79363, Shallowater, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,492 (100%) |
| Owner Occupied HU | 1,816 (72.9%) |
| Renter Occupied HU | 513 (20.6%) |
| Vacant Housing Units | 163 ( 6.5%) |
| Median Home Value | $276,884 |
| Average Home Value | $310,461 |
Housing Distribution
Address Breakdown
Residential
2,326
Single Family
2,326
Multi-Family
0
Businesses
143
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Listed by: Joanna Cunningham • Exit Realty of Lubbock
Mls Name: LBMLS
Mls Provider:
Mls ID: #202556339
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.